Gladstone Investment (GAIN) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a research note issued to investors on Tuesday, August 7th. Zacks Investment Research currently has $13.00 target price on the investment management company’s stock.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

GAIN has been the topic of a number of other reports. BidaskClub upgraded Gladstone Investment from a hold rating to a buy rating in a research note on Wednesday, May 23rd. ValuEngine cut Gladstone Investment from a strong-buy rating to a buy rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $11.33.

NASDAQ:GAIN traded up $0.04 during midday trading on Tuesday, reaching $11.99. The company had a trading volume of 124,400 shares, compared to its average volume of 175,404. The firm has a market cap of $393.87 million, a PE ratio of 14.62 and a beta of 0.54. Gladstone Investment has a 12-month low of $9.00 and a 12-month high of $12.26.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Wednesday, August 1st. The investment management company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Gladstone Investment had a return on equity of 7.64% and a net margin of 140.89%. The firm had revenue of $15.50 million during the quarter, compared to analyst estimates of $15.16 million. equities analysts anticipate that Gladstone Investment will post 0.76 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 28th. Stockholders of record on Wednesday, September 19th will be given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Tuesday, September 18th. Gladstone Investment’s dividend payout ratio (DPR) is currently 97.56%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC acquired a new position in Gladstone Investment in the 1st quarter valued at about $113,000. Stelac Advisory Services LLC acquired a new position in Gladstone Investment in the 1st quarter valued at about $115,000. Cambridge Investment Research Advisors Inc. acquired a new position in Gladstone Investment in the 1st quarter valued at about $137,000. Stephens Inc. AR acquired a new position in Gladstone Investment in the 2nd quarter valued at about $164,000. Finally, Guggenheim Capital LLC acquired a new position in Gladstone Investment in the 1st quarter valued at about $191,000. Institutional investors and hedge funds own 15.06% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation is a business development company specializing in buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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