News headlines about Gladstone Investment (NASDAQ:GAIN) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gladstone Investment earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.7211355109723 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have recently issued reports on GAIN. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, February 15th. Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. BidaskClub downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Wedbush upgraded shares of Gladstone Investment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.56 to $11.00 in a research report on Tuesday, March 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $10.67.
Gladstone Investment stock traded up $0.14 during midday trading on Thursday, reaching $10.35. 136,441 shares of the company traded hands, compared to its average volume of 217,321. The company has a market cap of $330.47, a price-to-earnings ratio of 13.99 and a beta of 0.53. Gladstone Investment has a 12 month low of $8.91 and a 12 month high of $11.50.
The firm also recently announced a monthly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a yield of 7.54%. Gladstone Investment’s dividend payout ratio is currently 105.41%.
In other Gladstone Investment news, President David A. R. Dullum bought 5,000 shares of Gladstone Investment stock in a transaction on Monday, March 5th. The stock was acquired at an average cost of $9.56 per share, with a total value of $47,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
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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.
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