Gladstone Investment (NASDAQ:GAIN) Issues Earnings Results

Gladstone Investment (NASDAQ:GAIN) issued its quarterly earnings data on Tuesday. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02), Zacks reports. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN traded up $0.43 during trading hours on Tuesday, hitting $16.92. The company’s stock had a trading volume of 495,569 shares, compared to its average volume of 298,811. The firm’s fifty day moving average price is $14.89 and its 200 day moving average price is $14.24. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The company has a market capitalization of $673.75 million, a price-to-earnings ratio of 5.44 and a beta of 0.81.

Gladstone Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 5.7%. Gladstone Investment’s dividend payout ratio (DPR) is 30.87%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in shares of Gladstone Investment in the 4th quarter valued at $26,000. JPMorgan Chase & Co. boosted its holdings in Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after buying an additional 4,804 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Gladstone Investment during the second quarter valued at $105,000. Bank of America Corp DE increased its holdings in Gladstone Investment by 272.1% in the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after buying an additional 6,542 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in shares of Gladstone Investment in the fourth quarter worth about $140,000. 11.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GAIN. B. Riley Financial reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.