Gladstone Investment Corporation Plans Monthly Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be given a dividend of 0.08 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, January 23rd.

Gladstone Investment has increased its dividend payment by an average of 0.1%annually over the last three years. Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Performance

NASDAQ GAIN opened at $13.87 on Wednesday. The firm has a market capitalization of $549.89 million, a price-to-earnings ratio of 5.55 and a beta of 0.84. Gladstone Investment has a one year low of $11.42 and a one year high of $15.34. The company’s 50 day moving average price is $13.87 and its 200 day moving average price is $13.97.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GAIN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research downgraded Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.