Gladstone Investment (NASDAQ:GAIN) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Gladstone Investment Corporation (NASDAQ:GAIN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.58 and traded as high as $15.62. Gladstone Investment shares last traded at $15.37, with a volume of 191,511 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.50 to $16.50 in a report on Thursday, May 14th. Oppenheimer raised their target price on Gladstone Investment from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Up 0.3%

The stock’s 50-day moving average price is $15.80 and its 200-day moving average price is $14.58. The stock has a market cap of $612.03 million, a price-to-earnings ratio of 3.28 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. As a group, analysts predict that Gladstone Investment Corporation will post 0.91 earnings per share for the current year.

Gladstone Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio (DPR) is presently 20.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 worth $6,701,000 after purchasing an additional 229,192 shares during the period. PFG Advisors raised its holdings in shares of Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after purchasing an additional 205,504 shares during the period. Osaic Holdings Inc. raised its stake in Gladstone Investment by 395.5% during the 4th quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after buying an additional 70,566 shares during the period. Melia Wealth LLC raised its position in shares of Gladstone Investment by 5.7% during the third quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock worth $16,551,000 after purchasing an additional 64,564 shares during the period. Finally, Invesco Ltd. acquired a new position in Gladstone Investment during the second quarter worth $735,000. 11.85% of the stock is owned by institutional investors and hedge funds.

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.