Gladstone Investment Corporation (NASDAQ:GAIN) had its price objective boosted by Jefferies Group LLC from $9.00 to $10.00 in a research note released on Friday. Jefferies Group LLC currently has a hold rating on the investment management company’s stock. Jefferies Group also issued estimates for Gladstone Investment Corporation’s Q3 2019 earnings at $0.20 EPS.

Several other equities research analysts also recently issued reports on GAIN. BidaskClub downgraded Gladstone Investment Corporation from a buy rating to a hold rating in a research note on Friday, August 11th. Zacks Investment Research raised Gladstone Investment Corporation from a sell rating to a hold rating in a research note on Tuesday, October 3rd. Finally, ValuEngine downgraded Gladstone Investment Corporation from a buy rating to a hold rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Gladstone Investment Corporation presently has an average rating of Buy and a consensus price target of $10.67.

Gladstone Investment Corporation (NASDAQ GAIN) traded up $0.04 during trading hours on Friday, hitting $10.77. The company had a trading volume of 99,600 shares, compared to its average volume of 182,250. Gladstone Investment Corporation has a fifty-two week low of $7.50 and a fifty-two week high of $10.80. The firm has a market cap of $350.35, a price-to-earnings ratio of 15.29 and a beta of 0.73.

Gladstone Investment Corporation (NASDAQ:GAIN) last released its quarterly earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 80.07%. The business had revenue of $13.13 million during the quarter, compared to analyst estimates of $12.22 million. sell-side analysts expect that Gladstone Investment Corporation will post 0.71 EPS for the current fiscal year.

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The firm also recently disclosed a special dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.06 dividend. This represents a yield of 7.93%. The ex-dividend date of this dividend is Monday, December 4th. Gladstone Investment Corporation’s dividend payout ratio is currently 57.78%.

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Gladstone Investment Corporation by 0.4% during the 2nd quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock worth $227,000 after purchasing an additional 106 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Gladstone Investment Corporation by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after purchasing an additional 148 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Gladstone Investment Corporation by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock worth $386,000 after purchasing an additional 1,048 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Gladstone Investment Corporation by 10.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Gladstone Investment Corporation by 19.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock worth $137,000 after purchasing an additional 2,382 shares in the last quarter. 18.15% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Investment Corporation

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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