Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.64 and traded as high as $14.94. Gladstone Investment shares last traded at $14.88, with a volume of 216,665 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Oppenheimer increased their target price on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.50 to $16.50 in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Up 1.2%

The stock’s fifty day simple moving average is $15.84 and its 200 day simple moving average is $14.64. The company has a market cap of $593.32 million, a price-to-earnings ratio of 3.18 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share 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 company had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. On average, analysts predict that Gladstone Investment Corporation will post 0.91 EPS for the current year.

Gladstone Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.08 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio is presently 20.47%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its position in shares of Gladstone Investment by 89.6% during the 3rd quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock valued at $6,701,000 after acquiring an additional 229,192 shares during the last quarter. PFG Advisors raised its stake in Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock worth $4,264,000 after purchasing an additional 205,504 shares during the period. Osaic Holdings Inc. raised its stake in Gladstone Investment by 395.5% during the fourth quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after purchasing an additional 70,566 shares during the period. Melia Wealth LLC boosted its holdings in Gladstone Investment by 5.7% in the 3rd 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. Finally, Invesco Ltd. purchased a new stake in shares of Gladstone Investment in the 2nd quarter valued at approximately $735,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

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.