Gladstone Investment (NASDAQ:GAIN) Releases Earnings Results

Gladstone Investment (NASDAQ:GAIN) announced its quarterly earnings results on Tuesday. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03), Zacks reports. Gladstone Investment had a net margin of 94.99% and a return on equity of 7.12%.

Gladstone Investment Stock Down 0.8%

GAIN stock traded down $0.11 during trading on Tuesday, reaching $13.74. The company’s stock had a trading volume of 247,657 shares, compared to its average volume of 180,052. The company’s fifty day moving average is $13.91 and its 200-day moving average is $13.95. The company has a market capitalization of $544.79 million, a P/E ratio of 5.50 and a beta of 0.84. Gladstone Investment has a 1 year low of $11.42 and a 1 year high of $15.34.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, March 23rd. Gladstone Investment’s dividend payout ratio (DPR) is presently 38.40%.

Analyst Ratings Changes

GAIN has been the subject of several research reports. Wall Street Zen lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Finally, Zacks Research downgraded shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in Gladstone Investment by 2.2% during the 3rd quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock valued at $11,812,000 after buying an additional 18,089 shares in the last quarter. UBS Group AG grew its stake in Gladstone Investment by 89.6% during the third quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock valued at $6,701,000 after acquiring an additional 229,192 shares in the last quarter. Royal Bank of Canada increased its holdings in Gladstone Investment by 6.8% in the 1st quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock valued at $1,010,000 after acquiring an additional 4,826 shares during the last quarter. Invesco Ltd. purchased a new stake in Gladstone Investment in the 2nd quarter worth $735,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Gladstone Investment by 29.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 48,371 shares of the investment management company’s stock worth $666,000 after purchasing an additional 11,133 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors.

About Gladstone Investment

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.