Gladstone Investment Co. (NASDAQ:GAIN) Announces $0.08 Dividend

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Tuesday, January 21st,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.18%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Investment has a dividend payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN opened at $13.37 on Wednesday. Gladstone Investment has a 52-week low of $12.46 and a 52-week high of $14.85. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.49. The firm has a market capitalization of $490.55 million, a price-to-earnings ratio of 12.61 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. The firm had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.74 million. During the same period in the prior year, the firm posted $0.24 earnings per share. Analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on GAIN shares. StockNews.com raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley upped their price target on Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Gladstone Investment Company Profile

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.