Gladstone Investment Co. (GAIN) Expected to Announce Earnings of $0.18 Per Share
Equities research analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Gladstone Investment’s earnings. Gladstone Investment posted earnings of $0.17 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The business is expected to report its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that Gladstone Investment will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.72. For the next fiscal year, analysts forecast that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.78. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. The company had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million.
In other news, Director Walter H. Wilkinson bought 5,730 shares of Gladstone Investment stock in a transaction dated Tuesday, November 28th. The shares were acquired at an average cost of $10.84 per share, with a total value of $62,113.20. Following the completion of the transaction, the director now owns 14,416 shares in the company, valued at approximately $156,269.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Gladstone Investment by 0.4% during the second quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock worth $227,000 after purchasing an additional 106 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Gladstone Investment by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after purchasing an additional 148 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Gladstone Investment by 2.6% during the second quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock worth $386,000 after purchasing an additional 1,048 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Gladstone Investment by 10.7% during the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Gladstone Investment by 10.7% during the first quarter. Goldman Sachs Group Inc. now owns 39,927 shares of the investment management company’s stock worth $362,000 after purchasing an additional 3,867 shares in the last quarter. 17.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Gladstone Investment (NASDAQ GAIN) opened at $11.14 on Thursday. Gladstone Investment has a 52 week low of $8.31 and a 52 week high of $11.24. The stock has a market cap of $357.14, a P/E ratio of 15.91 and a beta of 0.72.
The firm also recently disclosed a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment’s dividend payout ratio is currently 57.78%.
About Gladstone Investment
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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