Gladstone Investment (NASDAQ:GAIN) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Gladstone Investment (NASDAQ:GAIN) posted its quarterly earnings data on Monday. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.08), FiscalAI reports. The business had revenue of $24.16 million for the quarter, compared to analyst estimates of $25.92 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.

Gladstone Investment Stock Up 1.5%

Shares of NASDAQ GAIN traded up $0.23 during midday trading on Monday, hitting $15.09. The stock had a trading volume of 193,649 shares, compared to its average volume of 250,007. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14. The company has a market capitalization of $600.91 million, a price-to-earnings ratio of 3.61 and a beta of 0.72. The company has a fifty day moving average price of $15.55 and a 200 day moving average price of $15.35.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Investment’s payout ratio is currently 22.97%.

Analysts Set New Price Targets

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

Gladstone Investment Company Profile

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.