Gladstone Investment (NASDAQ:GAIN) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.94 and traded as high as $14.03. Gladstone Investment shares last traded at $13.98, with a volume of 168,737 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on GAIN. B. Riley Financial reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. Zacks Research lowered Gladstone Investment from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Gladstone Investment Stock Up 0.4%

The firm’s 50-day moving average is $13.91 and its 200-day moving average is $13.94. The company has a market capitalization of $556.68 million, a PE ratio of 4.50 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Gladstone Investment had a net margin of 118.55% and a return on equity of 6.77%. The firm had revenue of $25.06 million for the quarter, compared to analysts’ expectations of $25.83 million. As a group, equities research analysts predict that Gladstone Investment Corporation will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 6.9%. Gladstone Investment’s dividend payout ratio is currently 30.87%.

Institutional Investors Weigh In On Gladstone Investment

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in shares of Gladstone Investment during the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in Gladstone Investment during the fourth quarter valued at about $31,000. First Horizon Advisors Inc. bought a new position in shares of Gladstone Investment during the second quarter valued at about $32,000. Allworth Financial LP grew its stake in shares of Gladstone Investment by 38,592.3% during the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after buying an additional 5,017 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after buying an additional 4,804 shares during the period. 11.85% of the stock is currently owned by institutional investors.

Gladstone Investment Company Profile

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.