Zacks Investment Research downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

Other equities analysts have also issued research reports about the company. Jefferies Group lifted their price target on Gladstone Investment from $9.00 to $10.00 and gave the company a hold rating in a research note on Friday, November 3rd. Wedbush lowered Gladstone Investment from an outperform rating to a neutral rating and lifted their price target for the company from $10.50 to $11.00 in a research note on Monday, November 20th. Finally, ValuEngine upgraded Gladstone Investment from a buy rating to a strong-buy rating in a research note on Saturday, November 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average target price of $11.00.

Gladstone Investment (GAIN) traded up $0.08 during trading on Tuesday, reaching $11.29. The company’s stock had a trading volume of 164,862 shares, compared to its average volume of 200,518. Gladstone Investment has a 12-month low of $8.45 and a 12-month high of $11.50. The company has a market cap of $367.22, a price-to-earnings ratio of 8.36 and a beta of 0.74.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%. The firm had revenue of $13.13 million for the quarter, compared to analyst estimates of $12.22 million. equities analysts anticipate that Gladstone Investment will post 0.71 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.78 annualized dividend and a dividend yield of 6.91%. Gladstone Investment’s payout ratio is 57.78%.

In other Gladstone Investment news, Director Walter H. Wilkinson purchased 5,730 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were bought 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 in the company, valued at approximately $156,269.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Gladstone Investment by 0.4% in the 2nd quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 106 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Gladstone Investment by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 148 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Gladstone Investment by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock valued at $386,000 after purchasing an additional 1,048 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Gladstone Investment by 10.7% in the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 1,152 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Gladstone Investment by 1.1% during the 2nd quarter. LSV Asset Management now owns 501,916 shares of the investment management company’s stock valued at $4,718,000 after acquiring an additional 5,417 shares in the last quarter. Institutional investors own 17.36% 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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