LADENBURG THALM/SH SH Downgrades Gladstone Investment (GAIN) to Neutral

LADENBURG THALM/SH SH lowered shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a neutral rating in a research note published on Wednesday morning, BenzingaRatingsTable reports.

A number of other brokerages also recently issued reports on GAIN. BidaskClub downgraded shares of Gladstone Investment from a strong-buy rating to a buy rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of Gladstone Investment from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Thursday, February 7th.

GAIN stock opened at $11.63 on Wednesday. The firm has a market capitalization of $381.72 million, a PE ratio of 15.10 and a beta of 0.81. Gladstone Investment has a 12 month low of $8.70 and a 12 month high of $12.70.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $13.93 million. Gladstone Investment had a net margin of 136.75% and a return on equity of 6.37%. As a group, sell-side analysts predict that Gladstone Investment will post 0.83 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 4th. This is an increase from Gladstone Investment’s previous special dividend of $0.06. This represents a yield of 6.64%. Gladstone Investment’s dividend payout ratio is 106.49%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Gladstone Investment by 5.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 382,069 shares of the investment management company’s stock worth $4,430,000 after buying an additional 18,699 shares in the last quarter. PFG Advisors purchased a new stake in Gladstone Investment during the fourth quarter worth $2,424,000. BlackRock Inc. boosted its holdings in Gladstone Investment by 8.1% during the third quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock worth $1,800,000 after buying an additional 11,768 shares in the last quarter. Legal & General Group Plc boosted its holdings in Gladstone Investment by 16.4% during the fourth quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock worth $1,384,000 after buying an additional 20,863 shares in the last quarter. Finally, Global Strategic Management Inc. purchased a new stake in Gladstone Investment during the fourth quarter worth $1,258,000. 12.80% of the stock is currently owned by hedge funds and other institutional investors.

About Gladstone Investment

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, 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.

Read More: Purposes and Functions of the Federal Reserve

Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.