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 Monday morning,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 report on Tuesday, September 1st. Zacks Research upgraded Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gladstone Investment presently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Gladstone Investment Stock Down 1.2%

Shares of NASDAQ:GAIN opened at $15.14 on Monday. The firm’s 50 day moving average price is $16.04 and its 200-day moving average price is $15.85. The stock has a market capitalization of $602.87 million, a PE ratio of 3.62 and a beta of 0.76. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14.

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

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $0.96 annualized dividend and a yield of 6.3%. Gladstone Investment’s dividend payout ratio is currently 22.97%.

Institutional Investors Weigh In On Gladstone Investment

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Gladstone Investment during the second quarter valued at about $123,000. Van ECK Associates Corp lifted its position in shares of Gladstone Investment by 35.8% in the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock valued at $12,431,000 after acquiring an additional 212,170 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Gladstone Investment in the second quarter valued at about $572,000. Cetera Investment Advisers boosted its stake in shares of Gladstone Investment by 2.3% in the first 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. Finally, Greenwood Gearhart LLC bought a new position in shares of Gladstone Investment in the first quarter worth about $254,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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.