Shares of Gladstone Investment Co. (NASDAQ:GAIN) shot up 0.9% on Thursday . The stock traded as high as $10.69 and last traded at $10.33. 162,889 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 279,433 shares. The stock had previously closed at $10.42.

Several research firms recently weighed in on GAIN. Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a report on Wednesday. BidaskClub cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Wedbush cut shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $10.50 to $11.00 in a report on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.00.

The stock has a market cap of $305.75, a price-to-earnings ratio of 6.73 and a beta of 0.54.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $16.18 million for the quarter, compared to analysts’ expectations of $13.42 million. Gladstone Investment had a net margin of 87.19% and a return on equity of 7.58%. research analysts predict that Gladstone Investment Co. will post 0.71 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Monday, March 19th. Gladstone Investment’s dividend payout ratio (DPR) is presently 51.32%.

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

Hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL boosted its holdings in shares of Gladstone Investment by 10.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock valued at $112,000 after buying an additional 1,152 shares in the last quarter. Doyle Wealth Management bought a new stake in shares of Gladstone Investment during the 3rd quarter valued at $113,000. Yellowstone Partners LLC bought a new stake in shares of Gladstone Investment during the 3rd quarter valued at $162,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Gladstone Investment by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after buying an additional 148 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of Gladstone Investment during the 3rd quarter valued at $226,000. Hedge funds and other institutional investors own 17.09% 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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