Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on October 23rd

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be given a dividend of $0.08 per share by the investment management company on Friday, October 30th. This represents a $0.96 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 23rd.

Gladstone Investment has raised its dividend payment by an average of 0.1% annually over the last three years. 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 fall. Equities analysts expect Gladstone Investment to earn $1.00 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 96.0%.

Gladstone Investment Stock Performance

Shares of GAIN opened at $15.14 on Thursday. The company has a market capitalization of $602.87 million, a PE ratio of 3.62 and a beta of 0.76. The company’s 50 day moving average price is $16.04 and its 200 day moving average price is $15.85. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. The business had revenue of $28.36 million for the quarter, compared to analysts’ expectations of $25.75 million. On average, equities analysts forecast that Gladstone Investment will post 1.00 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on GAIN shares. Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings downgraded Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Finally, Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.75.

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.