Somewhat Positive Media Coverage Somewhat Unlikely to Impact Gladstone Investment (GAIN) Share Price
Media coverage about Gladstone Investment (NASDAQ:GAIN) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gladstone Investment earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 46.5597520003591 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Walter H. Wilkinson Acquires 5,730 Shares of Gladstone Investment Corporation (GAIN) Stock (americanbankingnews.com)
- Gladstone Investment (GAIN) Acquires ImageWorks Display and Marketing Group (streetinsider.com)
- Gladstone Investment Corporation Acquires ImageWorks Display and Marketing Group, Inc. (finance.yahoo.com)
- $13.68 Million in Sales Expected for Gladstone Investment Corporation (GAIN) This Quarter (americanbankingnews.com)
- Gladstone Investment Corporation (GAIN) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Several equities research analysts have issued reports on GAIN shares. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Monday, November 6th. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 4th. Wedbush downgraded Gladstone Investment from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $10.50 to $11.00 in a report on Monday, November 20th. Finally, Jefferies Group increased their price target on Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Gladstone Investment has a consensus rating of “Hold” and an average price target of $11.00.
Gladstone Investment (NASDAQ GAIN) opened at $10.80 on Thursday. The stock has a market capitalization of $352.26, a PE ratio of 15.70 and a beta of 0.71. Gladstone Investment has a fifty-two week low of $7.95 and a fifty-two week high of $11.17.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%. equities analysts expect that Gladstone Investment will post 0.71 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment’s dividend payout ratio is 57.78%.
In other Gladstone Investment news, Director Walter H. Wilkinson acquired 5,730 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $10.84 per share, with a total value of $62,113.20. Following the completion of the transaction, the director now directly owns 14,416 shares in the company, valued at approximately $156,269.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.
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About Gladstone Investment
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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