Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.01 and traded as high as $14.01. Gladstone Investment shares last traded at $13.98, with a volume of 96,084 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on GAIN shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Gladstone Investment in a research report on Wednesday, October 8th. Zacks Research upgraded Gladstone Investment from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Gladstone Investment presently has a consensus rating of "Moderate Buy" and an average target price of $13.50.
Read Our Latest Research Report on Gladstone Investment
Gladstone Investment Price Performance
The company has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $14.01. The firm has a market cap of $534.32 million, a PE ratio of 6.44 and a beta of 0.93.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. The firm had revenue of $23.54 million during the quarter, compared to analyst estimates of $23.87 million. On average, sell-side analysts predict that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.
Gladstone Investment Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, December 22nd. Gladstone Investment's dividend payout ratio is presently 44.24%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GAIN. First Horizon Advisors Inc. purchased a new stake in Gladstone Investment during the 2nd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. lifted its position in Gladstone Investment by 37,400.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company's stock valued at $40,000 after purchasing an additional 2,992 shares during the last quarter. Allworth Financial LP lifted its position in Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company's stock valued at $72,000 after purchasing an additional 5,017 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company's stock valued at $76,000 after purchasing an additional 4,804 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Gladstone Investment in the second quarter worth approximately $105,000. Hedge funds and other institutional investors own 11.85% of the company's stock.
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.
Further Reading
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