Zacks Investment Research downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

A number of other brokerages have also recently weighed in on GAIN. BidaskClub cut Gladstone Investment from a buy rating to a hold rating in a report on Wednesday, July 11th. ValuEngine cut Gladstone Investment from a buy rating to a hold rating in a report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Gladstone Investment presently has an average rating of Hold and a consensus price target of $11.33.

GAIN stock opened at $10.56 on Tuesday. Gladstone Investment has a 52-week low of $9.00 and a 52-week high of $12.26. The firm has a market cap of $375.16 million, a PE ratio of 13.17 and a beta of 0.53.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Wednesday, August 1st. The investment management company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Gladstone Investment had a return on equity of 7.64% and a net margin of 140.89%. The firm had revenue of $15.50 million for the quarter, compared to analysts’ expectations of $15.16 million. Research analysts expect that Gladstone Investment will post 0.76 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 19th will be issued a $0.068 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date is Thursday, October 18th. Gladstone Investment’s payout ratio is currently 97.56%.

Institutional investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new position in Gladstone Investment in the first quarter valued at $113,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Gladstone Investment during the first quarter worth about $137,000. Stephens Inc. AR acquired a new position in shares of Gladstone Investment during the second quarter worth about $164,000. Guggenheim Capital LLC acquired a new position in shares of Gladstone Investment during the first quarter worth about $191,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Gladstone Investment during the first quarter worth about $195,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

About Gladstone Investment

notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. It seeks to invest in small and mid-sized companies based in the United States.

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