Gladstone Investment (NASDAQ:GAIN) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Gladstone Investment (NASDAQ:GAIN) posted its quarterly earnings data on Monday. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. The company had revenue of $24.16 million for the quarter, compared to analysts’ expectations of $25.92 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN traded up $0.23 during trading on Monday, hitting $15.09. 194,170 shares of the company’s stock were exchanged, compared to its average volume of 250,007. Gladstone Investment has a 52-week low of $13.11 and a 52-week high of $17.14. The business’s 50-day simple moving average is $15.55 and its 200 day simple moving average is $15.35. The company has a market cap of $600.91 million, a price-to-earnings ratio of 3.61 and a beta of 0.72.

Gladstone Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 21st. This represents a $0.96 annualized dividend and a dividend yield of 6.4%. Gladstone Investment’s dividend payout ratio (DPR) is currently 22.97%.

Wall Street Analyst Weigh In

GAIN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 12th. Zacks Research lowered shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Weiss Ratings lowered shares of Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.75.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and makes equity investments in established lower middle-market companies. The company primarily supports businesses that require capital for acquisitions, recapitalizations, buyouts, growth initiatives and other corporate purposes.

Gladstone Investment typically invests through a combination of secured loans, subordinated or mezzanine debt and equity securities. Its portfolio companies operate across a range of industries, allowing the company to pursue diversification rather than concentrate exclusively on one sector.

Founded in 2005, Gladstone Investment generally focuses on companies based in the United States.