Gladstone Investment (NASDAQ:GAIN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Gladstone Investment's share price recently surpassed its 200-day moving average, indicating potential growth momentum, with shares currently trading at $13.82.
• The company reported $0.24 earnings per share for the last quarter, beating analyst expectations of $0.23, although revenue fell slightly short of forecasts.
• Gladstone Investment also declared a monthly dividend of $0.08, reflecting an annualized yield of 6.9% and a payout ratio of 44.24%.

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.97 and traded as high as $13.98. Gladstone Investment shares last traded at $13.82, with a volume of 203,405 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised shares of Gladstone Investment to a "hold" rating in a research report on Monday, June 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gladstone Investment has an average rating of "Hold" and an average target price of $13.50.

Gladstone Investment Trading Up 0.2%

The business's 50 day moving average price is $14.07 and its 200-day moving average price is $13.97. The company has a market cap of $528.20 million, a price-to-earnings ratio of 6.37 and a beta of 0.94.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its earnings results on Tuesday, August 12th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $23.54 million during the quarter, compared to analysts' expectations of $23.87 million. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. Equities research analysts forecast that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were paid a $0.08 dividend. The ex-dividend date was Monday, July 21st. This represents a c) annualized dividend and a yield of 6.9%. Gladstone Investment's payout ratio is 44.24%.

Institutional Trading of Gladstone Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming raised its stake in Gladstone Investment by 204.3% in the 2nd quarter. State of Wyoming now owns 12,033 shares of the investment management company's stock worth $172,000 after purchasing an additional 8,079 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Gladstone Investment by 6.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 37,238 shares of the investment management company's stock worth $531,000 after purchasing an additional 2,136 shares in the last quarter. Raymond James Financial Inc. raised its stake in Gladstone Investment by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company's stock worth $583,000 after purchasing an additional 814 shares in the last quarter. Marshall Wace LLP acquired a new stake in Gladstone Investment in the 2nd quarter worth about $428,000. Finally, Invesco Ltd. acquired a new stake in Gladstone Investment in the 2nd quarter worth about $735,000. Institutional investors and hedge funds own 11.85% of the company's stock.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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