Gladstone Investment (NASDAQ:GAIN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

GAIN has been the topic of a number of other reports. Zacks Research raised Gladstone Investment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $16.75.

Gladstone Investment Stock Performance

GAIN stock opened at $16.01 on Friday. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14. The stock has a market capitalization of $637.52 million, a price-to-earnings ratio of 3.83 and a beta of 0.77. The stock’s fifty day moving average is $16.36 and its two-hundred day moving average is $15.60.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.The company had revenue of $28.36 million during the quarter, compared to analysts’ expectations of $25.75 million. As a group, analysts predict that Gladstone Investment will post 1 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. Gladstone Investment’s payout ratio is currently 22.97%.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of Gladstone Investment during the second quarter worth approximately $123,000. Van ECK Associates Corp grew its position in Gladstone Investment by 35.8% during the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after buying an additional 212,170 shares in the last quarter. Confluence Investment Management LLC bought a new position in Gladstone Investment during the 2nd quarter worth $572,000. Cetera Investment Advisers increased its stake in Gladstone Investment by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after acquiring an additional 717 shares during the period. Finally, Greenwood Gearhart LLC acquired a new position in Gladstone Investment in the 1st quarter valued at $254,000. Institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment’s activities include originating and investing in secured debt, subordinated debt and equity securities.