Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $15.34 and traded as high as $15.61. Gladstone Investment shares last traded at $15.40, with a volume of 177,658 shares trading hands.

Wall Street Analysts Forecast Growth

GAIN has been the subject of several research reports. Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Weiss Ratings cut Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Down 0.5%

The business has a 50-day moving average of $15.55 and a two-hundred day moving average of $15.35. The firm has a market cap of $591.73 million, a P/E ratio of 16.78 and a beta of 0.72.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $28.36 million for the quarter, compared to the consensus estimate 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 expect that Gladstone Investment Corporation will post 1.00 EPS for the current year.

Gladstone Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.96 annualized dividend and a dividend yield of 6.5%. Gladstone Investment’s dividend payout ratio (DPR) is 22.97%.

Institutional Investors Weigh In On Gladstone Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after acquiring an additional 717 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Gladstone Investment during the 2nd quarter worth $123,000. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment in the 1st quarter worth approximately $254,000. Independent Financial Group LLC acquired a new position in Gladstone Investment during the first quarter valued at $355,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Gladstone Investment in the 2nd quarter valued at about $572,000. Hedge funds and other 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 makes equity investments in established lower middle-market companies. The company primarily supports businesses that require capital for acquisitions, recapitalizations, buyouts, growth initiatives and other corporate purposes.

Gladstone Investment typically invests through a combination of secured loans, subordinated or mezzanine debt and equity securities. Its portfolio companies operate across a range of industries, allowing the company to pursue diversification rather than concentrate exclusively on one sector.

Founded in 2005, Gladstone Investment generally focuses on companies based in the United States.