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

Gladstone Investment Corporation (NASDAQ:GAIN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.69 and traded as high as $15.75. Gladstone Investment shares last traded at $15.67, with a volume of 156,723 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GAIN. Wall Street Zen lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. B. Riley Financial upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.50 to $16.50 in a research report on Thursday, May 14th. Oppenheimer raised their price objective on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Gladstone Investment has an average rating of “Moderate Buy” and an average target price of $16.75.

Gladstone Investment Stock Performance

The company has a market capitalization of $619.63 million, a P/E ratio of 3.32 and a beta of 0.78. The stock’s fifty day moving average is $15.81 and its 200 day moving average is $14.70.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $25.19 million during the quarter, compared to the consensus estimate of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. On average, analysts expect that Gladstone Investment Corporation will post 0.91 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Tuesday, June 23rd. Gladstone Investment’s payout ratio is currently 20.47%.

Institutional Investors Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. TrueMark Investments LLC purchased a new position in shares of Gladstone Investment during the fourth quarter valued at approximately $582,000. PFG Advisors boosted its holdings in Gladstone Investment by 206.0% in the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after acquiring an additional 205,504 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Gladstone Investment in the third quarter valued at $585,000. UBS Group AG increased its position in Gladstone Investment by 47.1% during the 4th quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after purchasing an additional 228,168 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in Gladstone Investment by 6.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 37,238 shares of the investment management company’s stock valued at $531,000 after purchasing an additional 2,136 shares during the period. Hedge funds and other institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

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.