ValuEngine downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a hold rating in a research report report published on Friday morning, ValuEngine reports.

Several other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Gladstone Investment from a strong-buy rating to a buy rating in a report on Tuesday, June 11th. LADENBURG THALM/SH SH downgraded shares of Gladstone Investment from a buy rating to a neutral rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research downgraded shares of Gladstone Investment from a buy rating to a hold rating in a report on Wednesday, April 10th.

Gladstone Investment stock opened at $11.34 on Friday. The firm has a market cap of $372.20 million, a price-to-earnings ratio of 14.73 and a beta of 0.88. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $12.70.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $16.10 million during the quarter, compared to analyst estimates of $13.93 million. Gladstone Investment had a net margin of 136.75% and a return on equity of 6.37%. Equities analysts expect that Gladstone Investment will post 0.81 earnings per share for the current year.

The business also recently disclosed a special dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, June 5th were issued a dividend of $0.09 per share. This is an increase from Gladstone Investment’s previous special dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a dividend yield of 6.64%. Gladstone Investment’s payout ratio is presently 106.49%.

Several large investors have recently bought and sold shares of the company. PFG Advisors bought a new position in shares of Gladstone Investment during the 4th quarter worth about $2,424,000. Legal & General Group Plc increased its holdings in shares of Gladstone Investment by 16.4% during the 4th quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock worth $1,384,000 after purchasing an additional 20,863 shares during the period. Global Strategic Management Inc. bought a new position in shares of Gladstone Investment during the 4th quarter worth about $1,258,000. Marshall Wace LLP bought a new position in shares of Gladstone Investment during the 1st quarter worth about $802,000. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Gladstone Investment by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 34,907 shares of the investment management company’s stock worth $405,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 12.24% of the company’s stock.

Gladstone Investment Company Profile

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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