Gladstone Investment Co. (GAIN) to Issue Dividend of $0.08 on January 31st

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.2%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a 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 fall. 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 Down 0.3 %

GAIN stock traded down $0.04 during trading on Wednesday, hitting $13.33. 95,597 shares of the company’s stock traded hands, compared to its average volume of 125,407. The stock has a market capitalization of $489.08 million, a price-to-earnings ratio of 12.58 and a beta of 1.30. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.85. The stock has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $13.49.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GAIN shares. B. Riley lifted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” 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.