Gladstone Investment (NASDAQ:GAIN) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other research firms have also issued reports on GAIN. Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. B. Riley Financial raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.50 to $16.50 in a research note on Thursday. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Oppenheimer upped their price objective on shares of Gladstone Investment from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Gladstone Investment has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Stock Down 1.0%

NASDAQ:GAIN opened at $16.41 on Friday. Gladstone Investment has a 12-month low of $13.11 and a 12-month high of $17.14. The firm has a market capitalization of $653.45 million, a PE ratio of 3.50 and a beta of 0.81. The firm has a 50-day moving average price of $15.10 and a 200 day moving average price of $14.31.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The business had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. On average, research analysts expect that Gladstone Investment will post 0.91 EPS for the current year.

Gladstone Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio is 20.47%.

Institutional Trading of Gladstone Investment

Several hedge funds have recently modified their holdings of the stock. Melia Wealth LLC grew its stake in shares of Gladstone Investment by 5.7% during the third quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after purchasing an additional 64,564 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Gladstone Investment by 2.2% during the third quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock valued at $11,812,000 after purchasing an additional 18,089 shares during the last quarter. UBS Group AG grew its stake in shares of Gladstone Investment by 47.1% during the fourth quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after purchasing an additional 228,168 shares during the last quarter. PFG Advisors grew its stake in shares of Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after purchasing an additional 205,504 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Gladstone Investment by 23.0% during the fourth quarter. Legal & General Group Plc now owns 273,752 shares of the investment management company’s stock valued at $3,833,000 after purchasing an additional 51,205 shares during the last quarter. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.