Gladstone Investment Corporation (NASDAQ:GAIN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.50.

Several research firms recently weighed in on GAIN. Zacks Research upgraded shares of Gladstone Investment from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in shares of Gladstone Investment during the 2nd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. boosted its stake in Gladstone Investment by 37,400.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock worth $40,000 after acquiring an additional 2,992 shares in the last quarter. Allworth Financial LP increased its stake in shares of Gladstone Investment by 38,592.3% during the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 5,017 shares in the last quarter. JPMorgan Chase & Co. increased its position in Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after buying an additional 4,804 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Gladstone Investment during the second quarter valued at $105,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN opened at $13.99 on Friday. The stock’s 50-day moving average is $13.93 and its 200 day moving average is $14.09. The company has a market cap of $554.65 million, a PE ratio of 6.45 and a beta of 0.91. Gladstone Investment has a 1 year low of $11.42 and a 1 year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $25.28 million during the quarter, compared to analysts’ expectations of $24.58 million. Gladstone Investment had a return on equity of 7.33% and a net margin of 83.78%. Analysts expect that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.9%. Gladstone Investment’s payout ratio is currently 38.40%.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.