Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on March 23rd

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 13th. Investors of record on Monday, March 23rd will be paid a dividend of 0.08 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Monday, March 23rd.

Gladstone Investment has raised its dividend payment by an average of 0.1%annually over the last three years. Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Trading Up 1.2%

NASDAQ GAIN opened at $14.04 on Thursday. The stock has a market cap of $556.69 million, a price-to-earnings ratio of 5.62 and a beta of 0.84. Gladstone Investment has a 12 month low of $11.42 and a 12 month high of $15.34. The company’s 50 day moving average is $13.88 and its two-hundred day moving average is $13.97.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, November 4th. The investment management company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $25.28 million for the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%. Sell-side analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

GAIN has been the subject of a number of recent analyst reports. Wall Street Zen lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company 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.