Gladstone Investment Corporation (NASDAQ:GAIN) Given Consensus Rating of “Hold” by Brokerages

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of brokerages have recently weighed in on GAIN. Wall Street Zen lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. Finally, Zacks Research lowered Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th.

Gladstone Investment Stock Performance

Shares of GAIN opened at $13.89 on Friday. Gladstone Investment has a one year low of $11.42 and a one year high of $15.34. The stock’s fifty day moving average is $13.89 and its 200-day moving average is $13.96. The firm has a market capitalization of $550.74 million, a price-to-earnings ratio of 5.56 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $25.28 million during the quarter, compared to the consensus estimate of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. Analysts forecast that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 6.9%. Gladstone Investment’s dividend payout ratio (DPR) is currently 38.40%.

Hedge Funds Weigh In On Gladstone Investment

Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in shares of Gladstone Investment in the 2nd quarter worth approximately $32,000. Allworth Financial LP grew its position in Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after buying an additional 5,017 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,804 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Gladstone Investment during the 2nd quarter valued at $105,000. Finally, Bank of America Corp DE lifted its position in shares of Gladstone Investment by 272.1% during the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 6,542 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

About Gladstone Investment

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.