Zacks Investment Research upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a research report sent to investors on Thursday. They currently have $13.00 price objective on the investment management company’s stock.
According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
Separately, BidaskClub raised shares of Gladstone Investment from a sell rating to a hold rating in a report on Saturday, December 8th.
Shares of GAIN stock opened at $11.73 on Thursday. The stock has a market cap of $385.01 million, a P/E ratio of 14.30 and a beta of 0.76. Gladstone Investment has a 52 week low of $8.70 and a 52 week high of $12.26.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, February 5th. The investment management company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $14.97 million during the quarter, compared to the consensus estimate of $14.24 million. Gladstone Investment had a net margin of 171.29% and a return on equity of 6.42%. On average, analysts forecast that Gladstone Investment will post 0.71 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 18th were issued a dividend of $0.068 per share. This represents a $0.82 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Thursday, January 17th. Gladstone Investment’s payout ratio is 100.00%.
Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in shares of Gladstone Investment by 123.8% during the 4th quarter. IFP Advisors Inc now owns 5,473 shares of the investment management company’s stock worth $51,000 after buying an additional 3,028 shares during the period. Doyle Wealth Management bought a new stake in shares of Gladstone Investment during the 4th quarter worth about $56,000. Wedbush Securities Inc. bought a new stake in Gladstone Investment in the 4th quarter valued at about $163,000. Creative Planning boosted its holdings in Gladstone Investment by 101.1% in the 3rd quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 10,105 shares during the period. Finally, Raymond James & Associates boosted its holdings in Gladstone Investment by 43.6% in the 2nd quarter. Raymond James & Associates now owns 22,017 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 6,686 shares during the period. 13.96% of the stock is owned by institutional investors and hedge funds.
Gladstone Investment Company Profile
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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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