Gladstone Investment Corporation (GAIN) Rating Increased to Hold at Zacks Investment Research

Gladstone Investment Corporation (NASDAQ:GAIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

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. “

Several other equities analysts have also issued reports on GAIN. Jefferies Group LLC reiterated a “hold” rating and issued a $9.00 price target on shares of Gladstone Investment Corporation in a research note on Wednesday, August 16th. BidaskClub lowered Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine lowered Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Wedbush began coverage on Gladstone Investment Corporation in a research note on Wednesday, June 14th. They issued an “outperform” rating and a $10.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Gladstone Investment Corporation currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Shares of Gladstone Investment Corporation (NASDAQ GAIN) opened at 9.18 on Monday. The stock’s 50 day moving average price is $9.42 and its 200 day moving average price is $9.28. Gladstone Investment Corporation has a one year low of $7.16 and a one year high of $9.84.

Gladstone Investment Corporation (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 55.52%. The company had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.01 million. Analysts forecast that Gladstone Investment Corporation will post $0.70 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of GAIN. Wells Fargo & Company MN grew its position in Gladstone Investment Corporation by 7.3% during the 1st quarter. Wells Fargo & Company MN now owns 39,983 shares of the investment management company’s stock worth $363,000 after acquiring an additional 2,731 shares during the last quarter. LSV Asset Management grew its position in Gladstone Investment Corporation by 5.3% during the 1st quarter. LSV Asset Management now owns 496,499 shares of the investment management company’s stock worth $4,503,000 after acquiring an additional 24,983 shares during the last quarter. Eagle Global Advisors LLC grew its position in Gladstone Investment Corporation by 34.9% during the 1st quarter. Eagle Global Advisors LLC now owns 19,973 shares of the investment management company’s stock worth $181,000 after acquiring an additional 5,170 shares during the last quarter. Oxford Asset Management bought a new stake in Gladstone Investment Corporation during the 1st quarter worth $303,000. Finally, Van ECK Associates Corp grew its position in Gladstone Investment Corporation by 29.0% during the 1st quarter. Van ECK Associates Corp now owns 231,482 shares of the investment management company’s stock worth $2,100,000 after acquiring an additional 52,066 shares during the last quarter. Institutional investors and hedge funds own 18.09% of the company’s stock.

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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