Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Gladstone Investment (GAIN) Stock Price
News headlines about Gladstone Investment (NASDAQ:GAIN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gladstone Investment earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.6526569295406 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th. Wedbush lowered Gladstone Investment from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $10.50 to $11.00 in a research note on Monday, November 20th. Finally, Jefferies Group lifted their price objective on Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.00.
Gladstone Investment (NASDAQ GAIN) opened at $11.09 on Friday. The firm has a market capitalization of $360.71, a PE ratio of 16.07 and a beta of 0.72. Gladstone Investment has a 52 week low of $8.28 and a 52 week high of $11.24.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data 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. The business had revenue of $13.13 million during the quarter, compared to analyst estimates of $12.22 million. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%. analysts expect that Gladstone Investment will post 0.71 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a dividend yield of 7.93%. Gladstone Investment’s payout ratio is currently 57.78%.
In related news, Director Walter H. Wilkinson acquired 5,730 shares of Gladstone Investment stock in a transaction on Tuesday, November 28th. The stock was acquired at an average price of $10.84 per share, for a total transaction of $62,113.20. Following the purchase, the director now owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
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Gladstone Investment Company Profile
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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