Headlines about Gladstone Investment (NASDAQ:GAIN) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gladstone Investment earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.7211355109723 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have weighed in on the company. BidaskClub raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, March 5th. Wedbush raised Gladstone Investment from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.56 to $11.00 in a research note on Tuesday, March 6th. ValuEngine raised Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, Ladenburg Thalmann Financial Services raised Gladstone Investment from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Gladstone Investment currently has a consensus rating of “Buy” and an average price target of $10.67.
GAIN stock traded up $0.03 on Wednesday, hitting $10.45. The stock had a trading volume of 44,924 shares, compared to its average volume of 229,576. Gladstone Investment has a 12 month low of $8.63 and a 12 month high of $11.50. The company has a market cap of $336.32, a P/E ratio of 6.86 and a beta of 0.52.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend is Monday, March 19th. Gladstone Investment’s dividend payout ratio is presently 51.32%.
In other news, President David A. R. Dullum acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were bought at an average price of $9.56 per share, with a total value of $47,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: “Gladstone Investment (GAIN) Given News Impact Score of 0.11” was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://baseballnewssource.com/2018/03/21/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-gladstone-investment-gain-share-price/2028659.html.
Gladstone Investment Company Profile
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.