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

Gladstone Investment Co. (NASDAQ:GAIN) declared 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 of this dividend 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 Performance

Shares of GAIN stock traded down $0.04 during mid-day trading on Wednesday, hitting $13.33. 95,597 shares of the stock traded hands, compared to its average volume of 125,407. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85. The firm has a market cap of $489.08 million, a price-to-earnings ratio of 12.58 and a beta of 1.30. The company’s 50-day simple moving average is $13.35 and its 200-day simple moving average is $13.49.

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

Analysts Set New Price Targets

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

About Gladstone Investment

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.