Wall Street Zen Upgrades Gladstone Investment (NASDAQ:GAIN) to Hold

Gladstone Investment (NASDAQ:GAIN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

GAIN has been the subject of several other research reports. Oppenheimer upped their price target on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Gladstone Investment from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, August 3rd. Finally, B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.50 to $16.50 in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Gladstone Investment currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Gladstone Investment Price Performance

Gladstone Investment stock opened at $16.59 on Friday. The company’s fifty day simple moving average is $15.83 and its 200-day simple moving average is $15.15. Gladstone Investment has a 12 month low of $13.11 and a 12 month high of $17.14. The stock has a market cap of $660.61 million, a P/E ratio of 3.97 and a beta of 0.77.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. The business had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. On average, equities research analysts expect that Gladstone Investment will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors and hedge funds have recently modified their holdings of GAIN. Kestra Advisory Services LLC acquired a new position in Gladstone Investment during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new stake in Gladstone Investment in the fourth quarter worth $31,000. JPMorgan Chase & Co. boosted its position in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Gladstone Investment during the second quarter worth $105,000. Finally, Bank of America Corp DE grew its holdings in shares of Gladstone Investment by 272.1% in the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after buying an additional 6,542 shares during the period. 11.85% of the stock is 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.