Gladstone Investment Corporation (NASDAQ:GAIN) Announces $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, July 14th. Investors of record on Tuesday, August 18th will be given a dividend of 0.08 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Investment has raised its dividend payment by an average of 0.1%per year over the last three years. Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Investment to earn $0.92 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 104.3%.

Gladstone Investment Stock Performance

Shares of Gladstone Investment stock opened at $16.52 on Wednesday. The stock has a 50 day moving average of $15.76 and a 200 day moving average of $14.83. The firm has a market capitalization of $657.83 million, a price-to-earnings ratio of 3.52 and a beta of 0.78. Gladstone Investment has a fifty-two week low of $13.11 and a fifty-two week high of $17.14.

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

Wall Street Analyst Weigh In

GAIN has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.50 to $16.50 in a research note on Thursday, May 14th. Oppenheimer raised 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.75.

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.