Gladstone Investment (NASDAQ:GAIN) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Gladstone Investment from “Sell” to “Hold,” while other analysts issued more favorable changes. The stock carries a “Moderate Buy” consensus rating and an average price target of $16.75.
• GAIN opened at $16.59, down 1.6%, with a market capitalization of approximately $660.6 million. Its shares have traded between $13.11 and $17.14 over the past year.
• Gladstone Investment exceeded quarterly expectations, reporting $0.26 EPS versus the $0.22 consensus and revenue of $28.36 million versus $25.75 million expected. Institutional investors own about 11.85% of the company’s stock.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

GAIN has been the topic of a number of other reports. Oppenheimer raised their price target on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Weiss Ratings raised Gladstone Investment from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday. Finally, B. Riley Financial raised Gladstone Investment from a "neutral" rating to a "buy" rating and increased their price target for the company from $14.50 to $16.50 in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.75.

Gladstone Investment Stock Down 1.6%

GAIN stock opened at $16.59 on Friday. The firm has a market capitalization of $660.61 million, a PE ratio of 3.97 and a beta of 0.77. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14. The stock's 50 day moving average is $15.83 and its 200-day moving average is $15.14.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Gladstone Investment had a return on equity of 6.02% and a net margin of 158.95%.The business had revenue of $28.36 million during the quarter, compared to the consensus estimate of $25.75 million. On average, equities research analysts anticipate that Gladstone Investment will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GAIN. PFG Advisors lifted its stake in Gladstone Investment by 206.0% in the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company's stock valued at $4,264,000 after purchasing an additional 205,504 shares during the last quarter. UBS Group AG lifted its holdings in Gladstone Investment by 47.1% during the fourth quarter. UBS Group AG now owns 713,016 shares of the investment management company's stock valued at $9,961,000 after purchasing an additional 228,168 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Gladstone Investment during the second quarter valued at about $572,000. Cetera Investment Advisers boosted its position in Gladstone Investment by 2.3% during the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company's stock worth $449,000 after purchasing an additional 717 shares during the period. Finally, Greenwood Gearhart LLC purchased a new position in shares of Gladstone Investment in the first quarter worth about $254,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Company Profile

Gladstone Investment NASDAQ: GAIN is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company's investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.

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