Gladstone Investment (NASDAQ:GAIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

Separately, BidaskClub upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th.

GAIN traded up $0.18 on Wednesday, hitting $12.29. 142,510 shares of the stock traded hands, compared to its average volume of 141,054. Gladstone Investment has a 52 week low of $8.70 and a 52 week high of $12.30. The firm has a market capitalization of $399.77 million, a price-to-earnings ratio of 14.99 and a beta of 0.79.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, February 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Gladstone Investment had a return on equity of 6.42% and a net margin of 171.29%. The firm had revenue of $14.97 million for the quarter, compared to analyst estimates of $14.24 million. On average, equities research analysts expect that Gladstone Investment will post 0.73 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Claybrook Capital LLC bought a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $26,000. IFP Advisors Inc grew its stake in shares of Gladstone Investment by 123.8% in the 4th quarter. IFP Advisors Inc now owns 5,473 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 3,028 shares during the period. Doyle Wealth Management bought a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $56,000. Advisor Group Inc. grew its stake in shares of Gladstone Investment by 40.2% in the 4th quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock valued at $107,000 after purchasing an additional 3,306 shares during the period. Finally, Bessemer Group Inc. bought a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $125,000. Institutional investors own 12.75% of the company’s stock.

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.

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