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

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Monday, October 14th, Wall Street Journal reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.08 per share by the investment management company on Tuesday, December 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Friday, December 20th.

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 tumble. Equities research analysts expect Gladstone Investment to earn $0.97 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 99.0%.

Gladstone Investment Trading Up 2.0 %

NASDAQ GAIN traded up $0.27 during trading hours on Monday, hitting $13.95. 340,513 shares of the company’s stock traded hands, compared to its average volume of 149,824. The firm has a market capitalization of $511.81 million, a P/E ratio of 5.52 and a beta of 1.33. The business’s fifty day moving average price is $13.26 and its two-hundred day moving average price is $13.77. Gladstone Investment has a 52 week low of $12.25 and a 52 week high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same period last year, the business posted $0.25 EPS. On average, sell-side analysts expect that Gladstone Investment will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, October 7th. B. Riley lowered their price objective on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Gladstone Investment Company Profile

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.