Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.81 and traded as high as $14.04. Gladstone Investment shares last traded at $13.89, with a volume of 75,420 shares.
Wall Street Analysts Forecast Growth
GAIN has been the subject of a number of research analyst reports. Citigroup downgraded shares of Gladstone Investment to a "neutral" rating in a report on Wednesday, May 14th. B. Riley raised Gladstone Investment to a "hold" rating in a research note on Monday, June 16th. Finally, LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Gladstone Investment in a report on Wednesday, May 14th.
Get Our Latest Analysis on GAIN
Gladstone Investment Price Performance
The stock has a market capitalization of $511.71 million, a PE ratio of 7.80 and a beta of 0.92. The firm's 50 day simple moving average is $14.20 and its 200 day simple moving average is $13.81.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its earnings results on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $27.55 million for the quarter, compared to analyst estimates of $24.96 million. Gladstone Investment had a net margin of 69.74% and a return on equity of 7.31%. Analysts expect that Gladstone Investment Corporation will post 0.96 earnings per share for the current fiscal year.
Gladstone Investment Dividend Announcement
The business also recently announced a dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were paid a $0.08 dividend. This represents a dividend yield of 681.0%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Investment's payout ratio is 53.93%.
Hedge Funds Weigh In On Gladstone Investment
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Gladstone Investment in the fourth quarter valued at approximately $651,000. LPL Financial LLC raised its holdings in Gladstone Investment by 17.8% during the 4th quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock valued at $2,518,000 after buying an additional 28,660 shares during the last quarter. Invesco Ltd. purchased a new stake in Gladstone Investment during the 4th quarter valued at $1,393,000. Melia Wealth LLC grew its holdings in Gladstone Investment by 3.6% in the 4th quarter. Melia Wealth LLC now owns 1,044,421 shares of the investment management company's stock worth $13,839,000 after acquiring an additional 36,298 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Gladstone Investment by 801.3% in the fourth quarter. NewEdge Advisors LLC now owns 18,476 shares of the investment management company's stock valued at $245,000 after acquiring an additional 16,426 shares during the period. 11.85% of the stock is currently owned by institutional investors.
About Gladstone Investment
(
Get Free Report)
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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