Gladstone Investment (NASDAQ:GAIN) Share Price Passes Above 200-Day Moving Average - Here's Why

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.64 and traded as high as $14.39. Gladstone Investment shares last traded at $14.27, with a volume of 226,243 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GAIN shares. Citigroup downgraded Gladstone Investment to a "neutral" rating in a research note on Wednesday, May 14th. B. Riley raised Gladstone Investment to a "hold" rating in a research report on Monday, June 16th. Finally, LADENBURG THALM/SH SH reissued a "neutral" rating on shares of Gladstone Investment in a research report on Wednesday, May 14th.

Gladstone Investment Price Performance

The firm's fifty day moving average is $14.26 and its two-hundred day moving average is $13.66. The firm has a market capitalization of $526.81 million, a PE ratio of 8.03 and a beta of 0.87.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its earnings results on Tuesday, May 13th. The investment management company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The firm had revenue of $27.55 million for the quarter, compared to the consensus estimate of $24.96 million. Gladstone Investment had a return on equity of 7.31% and a net margin of 69.74%. As a group, equities research analysts predict that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.08 per share. This represents a dividend yield of 6.55%. The ex-dividend date was Wednesday, May 21st. Gladstone Investment's dividend payout ratio is presently 53.93%.

Institutional Investors Weigh In On Gladstone Investment

A number of hedge funds have recently made changes to their positions in GAIN. Cornerstone Wealth Management LLC increased its holdings in Gladstone Investment by 15.6% during the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company's stock worth $158,000 after buying an additional 1,600 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Gladstone Investment during the 4th quarter valued at approximately $234,000. Northern Trust Corp increased its stake in shares of Gladstone Investment by 22.2% during the 4th quarter. Northern Trust Corp now owns 27,200 shares of the investment management company's stock worth $360,000 after purchasing an additional 4,945 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Gladstone Investment during the 4th quarter worth approximately $411,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Gladstone Investment in the 1st quarter worth approximately $71,000. 11.85% of the stock is currently owned by institutional investors.

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.