Gladstone Investment Corporation (NASDAQ:GAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “
GAIN has been the topic of several other research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price objective on shares of Gladstone Investment Corporation in a report on Friday, July 14th. BidaskClub cut Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.83.
Gladstone Investment Corporation (NASDAQ:GAIN) opened at $11.15 on Tuesday. Gladstone Investment Corporation has a 1-year low of $7.95 and a 1-year high of $11.17. The stock has a market capitalization of $362.67, a price-to-earnings ratio of 16.16 and a beta of 0.73.
Gladstone Investment Corporation (NASDAQ:GAIN) last posted its quarterly earnings data 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 Corporation had a return on equity of 6.95% and a net margin of 80.07%. The business had revenue of $13.13 million during the quarter, compared to analysts’ expectations of $12.22 million. research analysts forecast that Gladstone Investment Corporation will post 0.71 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Doyle Wealth Management acquired a new stake in shares of Gladstone Investment Corporation during the 3rd quarter worth approximately $113,000. Tudor Investment Corp ET AL raised its holdings in shares of Gladstone Investment Corporation by 10.7% during the 2nd 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 period. Stratos Wealth Partners LTD. raised its holdings in Gladstone Investment Corporation 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 during the period. Crow Point Partners LLC purchased a new stake in Gladstone Investment Corporation in the 2nd quarter valued at about $140,000. Finally, Yellowstone Partners LLC purchased a new stake in Gladstone Investment Corporation in the 3rd quarter valued at about $162,000. 17.68% of the stock is owned by institutional investors.
About Gladstone Investment Corporation
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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