Gladstone Investment (NASDAQ:GAIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other equities research analysts also recently commented on GAIN. Oppenheimer raised their price objective on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.50 to $16.50 in a research note on Thursday, May 14th. Finally, Weiss Ratings raised Gladstone Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Gladstone Investment currently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Gladstone Investment Stock Performance

Shares of GAIN opened at $16.35 on Friday. The stock has a market capitalization of $651.06 million, a P/E ratio of 3.91 and a beta of 0.77. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14. The company’s fifty day moving average is $15.84 and its two-hundred day moving average is $15.16.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.The firm had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. Sell-side analysts predict that Gladstone Investment will post 0.91 EPS for the current year.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 5.9%. Gladstone Investment’s payout ratio is currently 22.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC acquired a new stake in shares of Gladstone Investment during the 2nd quarter valued at approximately $572,000. Cetera Investment Advisers grew its holdings in shares of Gladstone Investment by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after acquiring an additional 717 shares during the period. Greenwood Gearhart LLC acquired a new stake in shares of Gladstone Investment in the 1st quarter worth approximately $254,000. Independent Financial Group LLC acquired a new stake in shares of Gladstone Investment in the 1st quarter worth approximately $355,000. Finally, NewEdge Advisors LLC increased its stake in Gladstone Investment by 5.6% in the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 1,084 shares in the last quarter. 11.85% of the stock is owned by hedge funds and other 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.