Gladstone Investment Corporation (NASDAQ:GAIN) Lowered to “Hold” at Zacks Investment Research

Gladstone Investment Corporation (NASDAQ:GAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, November 7th.

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. “

A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $9.00 price objective on shares of Gladstone Investment in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Gladstone Investment (NASDAQ:GAIN) traded down $0.06 during trading hours on Tuesday, hitting $10.83. 188,969 shares of the company were exchanged, compared to its average volume of 206,212. The stock has a market cap of $352.26, a PE ratio of 15.70 and a beta of 0.71. Gladstone Investment has a 1 year low of $7.95 and a 1 year high of $11.17.

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

A number of institutional investors and hedge funds have recently bought and sold shares of GAIN. Tudor Investment Corp ET AL grew its position in shares of Gladstone Investment by 10.7% during the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after acquiring an additional 1,152 shares during the last quarter. Doyle Wealth Management bought a new position in Gladstone Investment in the 3rd quarter valued at about $113,000. Stratos Wealth Partners LTD. grew its position in Gladstone Investment by 19.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock valued at $137,000 after buying an additional 2,382 shares in the last quarter. Crow Point Partners LLC bought a new position in shares of Gladstone Investment during the 2nd quarter valued at about $140,000. Finally, Yellowstone Partners LLC bought a new position in shares of Gladstone Investment during the 3rd quarter valued at about $162,000. 17.68% of the stock is currently owned by hedge funds and other institutional investors.

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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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