Shares of Gladstone Investment Co. (NASDAQ:GAIN) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $10.50.

A number of equities research analysts have issued reports on GAIN shares. Wedbush lowered 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 research note on Monday, November 20th. 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 research note on Monday, November 6th. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th. Ladenburg Thalmann Financial Services upgraded Gladstone Investment from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, BidaskClub lowered Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Gladstone Investment (NASDAQ GAIN) traded up $0.06 during trading hours on Wednesday, hitting $10.29. The stock had a trading volume of 265,431 shares, compared to its average volume of 311,221. The stock has a market cap of $332.74, a price-to-earnings ratio of 6.77 and a beta of 0.54. Gladstone Investment has a 52-week low of $8.45 and a 52-week high of $11.50.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $16.18 million during the quarter, compared to analyst estimates of $13.42 million. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%. equities research analysts expect that Gladstone Investment will post 0.73 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be paid a $0.065 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a yield of 7.58%. Gladstone Investment’s payout ratio is presently 51.32%.

In other Gladstone Investment news, Director Walter H. Wilkinson purchased 5,730 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was acquired at an average price of $10.84 per share, for a total transaction of $62,113.20. Following the purchase, the director now owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of GAIN. Arrowstreet Capital Limited Partnership purchased a new position in shares of Gladstone Investment during the fourth quarter valued at about $678,000. California Public Employees Retirement System grew its position in shares of Gladstone Investment by 49.5% during the fourth quarter. California Public Employees Retirement System now owns 122,600 shares of the investment management company’s stock valued at $1,368,000 after purchasing an additional 40,600 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Gladstone Investment during the second quarter valued at about $293,000. WFG Advisors LP grew its position in shares of Gladstone Investment by 97.7% during the second quarter. WFG Advisors LP now owns 60,928 shares of the investment management company’s stock valued at $573,000 after purchasing an additional 30,102 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gladstone Investment by 9,371.3% during the third quarter. JPMorgan Chase & Co. now owns 30,308 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 29,988 shares in the last quarter. Hedge funds and other institutional investors own 17.09% of the company’s stock.

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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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