Wall Street Zen Upgrades Gladstone Investment (NASDAQ:GAIN) to “Hold”

Gladstone Investment (NASDAQ:GAIN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Gladstone Investment Stock Up 0.2%

Gladstone Investment stock opened at $13.89 on Friday. The company has a 50 day moving average of $13.91 and a 200-day moving average of $13.94. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.34. The stock has a market capitalization of $553.10 million, a PE ratio of 4.47 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $25.06 million for the quarter, compared to analyst estimates of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. Equities analysts anticipate that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Investment

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its stake in shares of Gladstone Investment by 2.0% in the second quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock valued at $583,000 after acquiring an additional 814 shares in the last quarter. Blair William & Co. IL boosted its holdings in Gladstone Investment by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 169,571 shares of the investment management company’s stock valued at $2,420,000 after purchasing an additional 1,135 shares during the period. Outfitter Financial LLC grew its position in shares of Gladstone Investment by 0.6% during the 2nd quarter. Outfitter Financial LLC now owns 202,295 shares of the investment management company’s stock worth $2,887,000 after purchasing an additional 1,150 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Gladstone Investment by 6.2% during the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock worth $262,000 after purchasing an additional 1,150 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Gladstone Investment by 36.7% in the third quarter. JPMorgan Chase & Co. now owns 7,249 shares of the investment management company’s stock valued at $100,000 after buying an additional 1,945 shares in the last quarter. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.