Gladstone Investment (NASDAQ:GAIN) Shares Pass Above 200-Day Moving Average - Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) crossed 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 changing hands.

Analysts Set New Price Targets

GAIN has been the subject of several analyst reports. Citigroup lowered Gladstone Investment to a "neutral" rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH reaffirmed a "neutral" rating on shares of Gladstone Investment in a report on Wednesday, May 14th. Finally, B. Riley raised shares of Gladstone Investment to a "hold" rating in a report on Monday, June 16th.

Gladstone Investment Price Performance

The business has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $13.64. The company has a market capitalization of $526.81 million, a price-to-earnings ratio of 8.03 and a beta of 0.87.

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

Gladstone Investment Dividend Announcement

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

Hedge Funds Weigh In On Gladstone Investment

Several hedge funds have recently added to or reduced their stakes in GAIN. Melia Wealth LLC lifted its stake in shares of Gladstone Investment by 4.2% in the 1st quarter. Melia Wealth LLC now owns 1,088,798 shares of the investment management company's stock worth $14,546,000 after acquiring an additional 44,377 shares during the period. LPL Financial LLC raised its position in Gladstone Investment by 17.8% during the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock worth $2,518,000 after acquiring an additional 28,660 shares during the last quarter. Blair William & Co. IL raised its position in shares of Gladstone Investment by 4.1% during the 1st quarter. Blair William & Co. IL now owns 168,436 shares of the investment management company's stock worth $2,250,000 after purchasing an additional 6,691 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Gladstone Investment by 4.2% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 112,500 shares of the investment management company's stock valued at $1,503,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its holdings in shares of Gladstone Investment by 11.8% during the first quarter. Legacy Capital Wealth Partners LLC now owns 106,088 shares of the investment management company's stock worth $1,417,000 after buying an additional 11,232 shares in the last quarter. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

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.