$12.22 Million in Sales Expected for Gladstone Investment Corporation (GAIN) This Quarter

Equities analysts expect Gladstone Investment Corporation (NASDAQ:GAIN) to announce sales of $12.22 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Gladstone Investment Corporation’s earnings. The highest sales estimate is $12.83 million and the lowest is $11.80 million. Gladstone Investment Corporation reported sales of $11.74 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The company is scheduled to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Gladstone Investment Corporation will report full year sales of $12.22 million for the current fiscal year, with estimates ranging from $51.59 million to $54.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $58.30 million per share, with estimates ranging from $57.50 million to $59.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gladstone Investment Corporation.

Gladstone Investment Corporation (NASDAQ:GAIN) last issued its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. Gladstone Investment Corporation had a net margin of 55.52% and a return on equity of 6.95%. The firm had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.01 million.

Several equities analysts have commented on GAIN shares. Zacks Investment Research downgraded shares of Gladstone Investment Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub cut shares of Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 target price on shares of Gladstone Investment Corporation in a research report on Wednesday, August 16th. ValuEngine raised shares of Gladstone Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Wedbush began coverage on shares of Gladstone Investment Corporation in a research report on Wednesday, June 14th. They set an “outperform” rating and a $10.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.50.

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Gladstone Investment Corporation (NASDAQ:GAIN) opened at 9.18 on Wednesday. Gladstone Investment Corporation has a one year low of $7.16 and a one year high of $9.84. The firm has a 50-day moving average of $9.42 and a 200-day moving average of $9.28.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be paid a $0.064 dividend. This represents a $0.77 annualized dividend and a dividend yield of 8.37%. The ex-dividend date is Tuesday, September 19th. Gladstone Investment Corporation’s dividend payout ratio is currently 82.80%.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Gladstone Investment Corporation by 0.4% during 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 period. Parametric Portfolio Associates LLC boosted its holdings in shares of Gladstone Investment Corporation by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after buying an additional 148 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Gladstone Investment Corporation by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock worth $386,000 after buying an additional 1,048 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Gladstone Investment Corporation by 10.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after buying an additional 1,152 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Gladstone Investment Corporation by 19.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock worth $137,000 after buying an additional 2,382 shares in the last quarter. 18.09% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Gladstone Investment Corporation (NASDAQ:GAIN)

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