Gladstone Investment (GAIN) Given Coverage Optimism Score of 0.09
Headlines about Gladstone Investment (NASDAQ:GAIN) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gladstone Investment earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.5036245090709 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Gladstone Investment (NASDAQ GAIN) opened at $11.10 on Friday. The company has a market cap of $357.14, a P/E ratio of 15.91 and a beta of 0.72. Gladstone Investment has a 1 year low of $8.31 and a 1 year high of $11.24.
Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Wednesday, November 1st. The investment management company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. equities analysts anticipate that Gladstone Investment will post 0.71 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.06 per share. This represents a dividend yield of 7.93%. The ex-dividend date of this dividend is Monday, December 4th. Gladstone Investment’s dividend payout ratio is currently 57.78%.
Several analysts have commented on the stock. Wedbush downgraded shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $10.50 to $11.00 in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 4th. Finally, Jefferies Group boosted 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 analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Gladstone Investment presently has a consensus rating of “Hold” and an average price target of $11.00.
In other news, Director Walter H. Wilkinson acquired 5,730 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average cost of $10.84 per share, with a total value of $62,113.20. Following the acquisition, the director now owns 14,416 shares in the company, valued at $156,269.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by corporate insiders.
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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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