Gladstone Investment Co. (NASDAQ:GAIN) Declares $0.08 Monthly Dividend

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, July 9th, Zacks reports. Investors of record on Monday, July 22nd will be paid a dividend of 0.08 per share by the investment management company on Wednesday, July 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Monday, July 22nd.

Gladstone Investment has a dividend payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gladstone Investment to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 91.4%.

Gladstone Investment Stock Performance

Shares of GAIN opened at $14.00 on Friday. Gladstone Investment has a fifty-two week low of $12.14 and a fifty-two week high of $14.96. The company has a market capitalization of $513.66 million, a PE ratio of 5.65 and a beta of 1.32. The stock has a fifty day moving average of $14.04 and a two-hundred day moving average of $14.12.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Wednesday, May 8th. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Gladstone Investment had a net margin of 97.71% and a return on equity of 7.33%. The business had revenue of $23.65 million during the quarter, compared to analyst estimates of $22.94 million. As a group, equities research analysts forecast that Gladstone Investment will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GAIN has been the topic of several recent analyst reports. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $14.00 price objective on shares of Gladstone Investment in a report on Thursday, May 9th. B. Riley reaffirmed a “neutral” rating and set a $14.00 price target (up previously from $13.50) on shares of Gladstone Investment in a research note on Friday, May 10th.

About Gladstone Investment

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.