Gladstone Investment (NASDAQ:GAIN) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Gladstone Investment (NASDAQ:GAIN) announced its quarterly earnings data on Wednesday. The investment management company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Zacks reports. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%.

Gladstone Investment Trading Up 0.4 %

Gladstone Investment stock traded up $0.06 during mid-day trading on Friday, hitting $13.90. 63,498 shares of the company’s stock were exchanged, compared to its average volume of 115,622. Gladstone Investment has a 1-year low of $12.46 and a 1-year high of $14.85. The stock has a 50 day moving average of $13.30 and a two-hundred day moving average of $13.42. The stock has a market cap of $509.81 million, a P/E ratio of 13.11 and a beta of 1.30.

Gladstone Investment Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.08 dividend. This represents a yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s dividend payout ratio is presently 90.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley upped their target price on Gladstone Investment from $13.00 to $13.50 and gave the stock 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.