Q4 2019 Earnings Estimate for Gladstone Investment Co. (GAIN) Issued By Wedbush
Gladstone Investment Co. (NASDAQ:GAIN) – Equities researchers at Wedbush decreased their Q4 2019 earnings estimates for Gladstone Investment in a report released on Tuesday. Wedbush analyst H. Coffey now expects that the investment management company will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.22. Wedbush has a “Neutral” rating and a $11.00 price objective on the stock. Wedbush also issued estimates for Gladstone Investment’s FY2020 earnings at $0.78 EPS.
A number of other equities analysts also recently weighed in on GAIN. Jefferies Group boosted their target price on Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, November 6th. BidaskClub downgraded Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Finally, Ladenburg Thalmann Financial Services upgraded Gladstone Investment from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Gladstone Investment presently has a consensus rating of “Buy” and a consensus target price of $11.00.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, February 6th. The investment management company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%. The firm had revenue of $16.18 million for the quarter, compared to the consensus estimate of $13.42 million.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Investors 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 annualized dividend and a yield of 8.08%. Gladstone Investment’s payout ratio is 51.66%.
Institutional investors have recently bought and sold shares of the stock. Yellowstone Partners LLC purchased a new position in Gladstone Investment in the third quarter valued at approximately $162,000. Parametric Portfolio Associates LLC lifted its stake in Gladstone Investment by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 148 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Gladstone Investment in the third quarter valued at approximately $226,000. Royal Bank of Canada lifted its stake in Gladstone Investment by 0.4% in the second quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 106 shares during the last quarter. Finally, Stockman Wealth Management Inc. purchased a new position in Gladstone Investment in the fourth quarter valued at approximately $269,000. Institutional investors and hedge funds own 17.16% 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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