Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by Wall Street Zen

Gladstone Investment (NASDAQ:GAIN) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 1st. Zacks Research upgraded Gladstone Investment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $16.75.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $15.90 on Friday. The stock has a market capitalization of $633.14 million, a P/E ratio of 3.80 and a beta of 0.77. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14. The business has a 50-day moving average price of $16.36 and a two-hundred day moving average price of $15.58.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $28.36 million for the quarter, compared to analysts’ expectations of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. As a group, equities analysts predict that Gladstone Investment will post 1 EPS for the current year.

Institutional Trading of Gladstone Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 717 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Gladstone Investment by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock worth $583,000 after purchasing an additional 814 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Gladstone Investment by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock worth $286,000 after purchasing an additional 1,084 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Gladstone Investment by 11.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,777 shares of the investment management company’s stock worth $206,000 after purchasing an additional 1,500 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Gladstone Investment in the 4th quarter worth approximately $26,000. Institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment’s activities include originating and investing in secured debt, subordinated debt and equity securities.