Gladstone Investment (NASDAQ:GAIN) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Gladstone Investment's stock (NASDAQ:GAIN) has recently crossed above its 200-day moving average of $13.89, peaking at $14.05 during trading.
• The company reported earnings of $0.24 per share, surpassing the consensus estimate, and had a net margin of 83.78%.
• Gladstone Investment has a current dividend yield of 681.0% with a payout ratio of 44.24%, reflecting strong returns for investors.

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.89 and traded as high as $14.05. Gladstone Investment shares last traded at $14.04, with a volume of 111,840 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. LADENBURG THALM/SH SH reissued a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. B. Riley raised Gladstone Investment to a "hold" rating in a research note on Monday, June 16th. Finally, Citigroup cut Gladstone Investment to a "neutral" rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.50.

Gladstone Investment Stock Up 0.5%

The company has a market capitalization of $541.58 million, a P/E ratio of 6.53 and a beta of 0.92. The business has a fifty day moving average price of $14.11 and a 200 day moving average price of $13.90.

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

Gladstone Investment Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 21st were issued a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date was Monday, July 21st. Gladstone Investment's dividend payout ratio is presently 44.24%.

Hedge Funds Weigh In On Gladstone Investment

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its position in Gladstone Investment by 2.0% during the second quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company's stock worth $583,000 after buying an additional 814 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Gladstone Investment by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,806 shares of the investment management company's stock valued at $283,000 after purchasing an additional 959 shares during the last quarter. Blair William & Co. IL grew its position in shares of Gladstone Investment by 0.7% in the second quarter. Blair William & Co. IL now owns 169,571 shares of the investment management company's stock valued at $2,420,000 after purchasing an additional 1,135 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company's stock valued at $262,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Outfitter Financial LLC grew its position in shares of Gladstone Investment by 0.6% in the second quarter. Outfitter Financial LLC now owns 202,295 shares of the investment management company's stock valued at $2,887,000 after purchasing an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company's stock.

Gladstone Investment Company Profile

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.