Zacks Investment Research Downgrades Gladstone Investment (GAIN) to Hold

Gladstone Investment (NASDAQ:GAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, January 9th.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

Several other research analysts have also weighed in on the stock. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush lowered shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $10.50 to $11.00 in a research report on Monday, November 20th. Finally, Jefferies Group upped their target price on shares of Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.00.

Shares of Gladstone Investment (GAIN) traded down $0.02 on Tuesday, reaching $11.27. 219,651 shares of the company’s stock traded hands, compared to its average volume of 198,171. Gladstone Investment has a one year low of $8.45 and a one year high of $11.50. The firm has a market capitalization of $366.57, a price-to-earnings ratio of 8.35 and a beta of 0.74.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. The company had revenue of $13.13 million for the quarter, compared to analyst estimates of $12.22 million. analysts expect that Gladstone Investment will post 0.71 EPS for the current fiscal year.

In other Gladstone Investment news, Director Walter H. Wilkinson purchased 5,730 shares of the stock in a transaction dated Tuesday, November 28th. The shares were acquired at an average cost of $10.84 per share, for a total transaction of $62,113.20. Following the completion of the transaction, the director now directly owns 14,416 shares of the company’s stock, valued at $156,269.44. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC grew its position in shares of Gladstone Investment by 13.1% in the third quarter. Archford Capital Strategies LLC now owns 51,779 shares of the investment management company’s stock valued at $491,000 after purchasing an additional 6,000 shares during the last quarter. Yellowstone Partners LLC acquired a new stake in shares of Gladstone Investment in the third quarter valued at approximately $162,000. Janney Montgomery Scott LLC grew its position in shares of Gladstone Investment by 3.7% in the third quarter. Janney Montgomery Scott LLC now owns 185,444 shares of the investment management company’s stock valued at $1,760,000 after purchasing an additional 6,583 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Gladstone Investment by 4.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 358,542 shares of the investment management company’s stock valued at $3,403,000 after purchasing an additional 13,932 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gladstone Investment by 9,371.3% in the third quarter. JPMorgan Chase & Co. now owns 30,308 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 29,988 shares during the last quarter. Institutional investors and hedge funds own 17.36% of the company’s stock.

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Gladstone Investment Company Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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