Gladstone Investment (NASDAQ:GAIN) Issues Earnings Results

Gladstone Investment (NASDAQ:GAIN) issued its earnings results on Wednesday. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN traded down $0.17 during trading on Wednesday, reaching $13.31. The stock had a trading volume of 109,593 shares, compared to its average volume of 114,164. The company has a market cap of $488.34 million, a P/E ratio of 12.56 and a beta of 1.30. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The business’s 50-day moving average price is $13.31 and its 200-day moving average price is $13.42.

Gladstone Investment Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.08 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment’s dividend payout ratio is currently 90.57%.

Analyst Ratings Changes

Several equities analysts have weighed in on GAIN shares. B. Riley boosted their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

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.