Zacks Investment Research cut shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

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 analysts have also recently weighed in on GAIN. LADENBURG THALM/SH SH reissued a buy rating and issued a $1.25 price objective on shares of Arch Therapeutics in a research report on Wednesday, May 15th. BidaskClub raised Xilinx from a hold rating to a buy rating in a research report on Saturday, June 29th. Finally, ValuEngine raised Xylem from a hold rating to a buy rating in a research report on Friday, June 21st.

Gladstone Investment stock opened at $11.16 on Tuesday. The firm has a market cap of $369.25 million, a PE ratio of 14.61 and a beta of 0.85. Gladstone Investment has a 1-year low of $8.70 and a 1-year high of $12.70. The stock has a fifty day simple moving average of $11.35.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $13.93 million. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%. Research analysts predict that Gladstone Investment will post 0.81 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd will be given a dividend of $0.068 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.82 dividend on an annualized basis and a yield of 7.31%. Gladstone Investment’s dividend payout ratio is currently 106.49%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. lifted its stake in Gladstone Investment by 40.2% during the 4th quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock valued at $107,000 after acquiring an additional 3,306 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $125,000. Global Strategic Management Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $1,258,000. Legal & General Group Plc increased its position in shares of Gladstone Investment by 16.4% during the 4th quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock valued at $1,384,000 after purchasing an additional 20,863 shares during the last quarter. Finally, PFG Advisors purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $2,424,000. 12.24% of the stock is owned by institutional investors.

About Gladstone Investment

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior 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.

Further Reading: Quiet Period

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