Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on February 18th

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Wednesday, February 18th will be given a dividend of 0.08 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Wednesday, February 18th.

Gladstone Investment has increased its dividend by an average of 0.1%per year over the last three years. Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Trading Up 1.2%

Shares of NASDAQ GAIN opened at $14.04 on Thursday. The stock’s 50-day moving average is $13.88 and its 200 day moving average is $13.97. The stock has a market cap of $556.69 million, a price-to-earnings ratio of 5.62 and a beta of 0.84. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $25.28 million for the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. On average, analysts forecast that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GAIN has been the topic of a number of analyst reports. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. Finally, Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Gladstone Investment has a consensus rating of “Hold”.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.