Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.38 and traded as high as $16.59. Gladstone Investment shares last traded at $16.39, with a volume of 94,755 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. B. Riley Financial raised Gladstone Investment from a "neutral" rating to a "buy" rating and boosted their target price for the company from $14.50 to $16.50 in a research report on Thursday, May 14th. Weiss Ratings downgraded Gladstone Investment from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Wall Street Zen raised shares of Gladstone Investment from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research raised shares of Gladstone Investment from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Finally, Oppenheimer boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $16.75.
Read Our Latest Analysis on GAIN
Gladstone Investment Stock Down 0.6%
The stock's 50 day moving average price is $16.07 and its 200-day moving average price is $15.38. The stock has a market capitalization of $652.65 million, a PE ratio of 3.92 and a beta of 0.77.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. The company had revenue of $28.36 million for the quarter, compared to the consensus estimate of $25.75 million. As a group, sell-side analysts predict that Gladstone Investment Corporation will post 1 earnings per share for the current fiscal year.
Gladstone Investment Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, September 21st. Gladstone Investment's dividend payout ratio is currently 22.97%.
Institutional Trading of Gladstone Investment
Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new position in Gladstone Investment during the 4th quarter worth $31,000. JPMorgan Chase & Co. increased its holdings in Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company's stock worth $76,000 after purchasing an additional 4,804 shares during the period. Quantbot Technologies LP bought a new stake in Gladstone Investment during the 2nd quarter valued at $105,000. Finally, Bank of America Corp DE raised its position in Gladstone Investment by 272.1% during the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company's stock valued at $124,000 after purchasing an additional 6,542 shares in the last quarter. Institutional investors own 11.85% of the company's stock.
About Gladstone Investment
(
Get Free Report)
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.
Further Reading
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