Gladstone Investment (NASDAQ:GAIN) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a sell rating in a research note published on Sunday,Wall Street Zen reports.

GAIN has been the subject of several other research reports. Weiss Ratings lowered Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Zacks Research raised shares of Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Gladstone Investment currently has an average rating of “Buy” and a consensus price target of $16.75.

Gladstone Investment Price Performance

NASDAQ GAIN opened at $15.66 on Friday. The company has a market cap of $623.58 million, a PE ratio of 3.75 and a beta of 0.76. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The firm’s 50-day simple moving average is $16.21 and its two-hundred day simple moving average is $15.79.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $28.36 million during the quarter, compared to the consensus estimate of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. As a group, equities research analysts anticipate that Gladstone Investment will post 1 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.96 annualized dividend and a dividend yield of 6.1%. Gladstone Investment’s dividend payout ratio is currently 22.97%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GAIN. Van ECK Associates Corp grew its stake in shares of Gladstone Investment by 35.8% during the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after acquiring an additional 212,170 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Gladstone Investment during the second quarter valued at about $572,000. Independent Financial Group LLC purchased a new position in shares of Gladstone Investment in the 1st quarter valued at approximately $355,000. Greenwood Gearhart LLC purchased a new position in shares of Gladstone Investment in the 1st quarter valued at approximately $254,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Gladstone Investment in the 2nd quarter worth approximately $123,000. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.