Gladstone Investment (NASDAQ:GAIN) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research note issued to investors on Saturday.

GAIN has been the subject of a number of other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Zacks Research downgraded shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Gladstone Investment Price Performance

GAIN stock opened at $13.89 on Friday. Gladstone Investment has a 12 month low of $11.42 and a 12 month high of $15.34. The firm has a market capitalization of $553.13 million, a PE ratio of 4.47 and a beta of 0.84. The company’s 50 day simple moving average is $13.91 and its 200-day simple moving average is $13.94.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $25.83 million. Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. As a group, sell-side analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, March 23rd. Gladstone Investment’s dividend payout ratio is presently 30.87%.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its holdings in Gladstone Investment by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock worth $583,000 after buying an additional 814 shares in the last quarter. Blair William & Co. IL grew its stake in Gladstone Investment by 0.7% in the second quarter. Blair William & Co. IL now owns 169,571 shares of the investment management company’s stock worth $2,420,000 after purchasing an additional 1,135 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock valued at $262,000 after buying an additional 1,150 shares during the last quarter. Outfitter Financial LLC raised its stake in Gladstone Investment by 0.6% during the second quarter. Outfitter Financial LLC now owns 202,295 shares of the investment management company’s stock valued at $2,887,000 after buying an additional 1,150 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Gladstone Investment by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,249 shares of the investment management company’s stock worth $100,000 after buying an additional 1,945 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.