Gladstone Investment (NASDAQ:GAIN) Upgraded at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Gladstone Investment (NASDAQ:GAIN – Free Report) from a sell rating to a hold rating in a report released on Monday.

Separately, B. Riley dropped their target price on Gladstone Investment from $14.00 to $13.00 and set a neutral rating on the stock in a research note on Wednesday, August 7th.

Get Our Latest Stock Analysis on Gladstone Investment

Gladstone Investment Stock Performance

GAIN stock opened at $13.59 on Monday. Gladstone Investment has a one year low of $12.25 and a one year high of $14.96. The firm has a market cap of $498.60 million, a price-to-earnings ratio of 5.48 and a beta of 1.33. The firm has a 50-day simple moving average of $13.27 and a two-hundred day simple moving average of $13.78.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last posted its earnings results on Monday, August 5th. The investment management company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. The firm had revenue of $22.18 million for the quarter, compared to analysts’ expectations of $24.27 million. During the same period in the previous year, the company earned $0.25 EPS. As a group, equities analysts predict that Gladstone Investment will post 0.99 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. Gladstone Investment’s payout ratio is currently 38.71%.

Hedge Funds Weigh In On Gladstone Investment

Several hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in Gladstone Investment during the 4th quarter valued at about $84,000. Creekmur Asset Management LLC purchased a new stake in Gladstone Investment in the fourth quarter valued at approximately $105,000. Drive Wealth Management LLC acquired a new position in Gladstone Investment in the 2nd quarter worth approximately $174,000. Virtu Financial LLC purchased a new position in Gladstone Investment during the 1st quarter worth approximately $198,000. Finally, United Advisor Group LLC acquired a new stake in Gladstone Investment during the 4th quarter valued at approximately $502,000. 11.85% of the stock is owned by institutional investors and hedge funds.

About Gladstone Investment

(Get Free Report)

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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