Gladstone Investment (GAIN) Upgraded at ValuEngine
ValuEngine upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.
GAIN has been the subject of several other research reports. BidaskClub cut shares of Gladstone Investment from a strong-buy rating to a buy rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Gladstone Investment from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Monday, November 6th. Wedbush cut shares of Gladstone Investment from an outperform rating to a neutral rating and raised their target price for the stock from $10.50 to $11.00 in a research note on Monday, November 20th. Jefferies Group raised their target price on shares of Gladstone Investment from $9.00 to $10.00 and gave the stock a hold rating in a research note on Friday, November 3rd. Finally, Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment from a neutral rating to a buy rating in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $11.00.
Gladstone Investment (GAIN) traded down $0.12 during mid-day trading on Thursday, hitting $9.66. 185,818 shares of the stock traded hands, compared to its average volume of 249,330. Gladstone Investment has a one year low of $8.45 and a one year high of $11.50. The firm has a market cap of $314.04, a PE ratio of 6.35 and a beta of 0.52.
The business 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. This represents a $0.78 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Monday, March 19th. Gladstone Investment’s dividend payout ratio (DPR) is 51.32%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Yellowstone Partners LLC acquired a new stake in shares of Gladstone Investment in the third quarter valued at about $162,000. Parametric Portfolio Associates LLC lifted its stake in shares of 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 period. Wedbush Securities Inc. acquired a new stake in shares of Gladstone Investment in the third quarter valued at about $226,000. Royal Bank of Canada lifted its stake in shares of 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 period. Finally, Stockman Wealth Management Inc. acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at about $269,000. Hedge funds and other institutional investors 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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