Gladstone Investment (NASDAQ:GAIN) Raised to Hold at BidaskClub

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BidaskClub upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research note published on Saturday morning, BidAskClub reports.

A number of other equities analysts have also recently issued reports on GAIN. LADENBURG THALM/SH SH cut shares of Gladstone Investment from a buy rating to a neutral rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of Gladstone Investment from a hold rating to a buy rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Gladstone Investment from a buy rating to a hold rating in a research note on Tuesday, July 16th.

Shares of GAIN stock opened at $11.25 on Friday. Gladstone Investment has a 52-week low of $8.70 and a 52-week high of $12.70. The firm has a market cap of $370.24 million, a PE ratio of 13.76 and a beta of 0.85. The firm has a fifty day simple moving average of $11.31.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Gladstone Investment had a net margin of 89.98% and a return on equity of 6.84%. The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $13.93 million. On average, equities research analysts expect that Gladstone Investment will post 0.81 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be paid a $0.068 dividend. The ex-dividend date of this dividend is Monday, August 19th. Gladstone Investment’s dividend payout ratio is 106.49%.

Institutional investors have recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. increased its position in shares of Gladstone Investment by 65.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,600 shares of the investment management company’s stock worth $30,000 after purchasing an additional 1,024 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Gladstone Investment by 44.5% during the 1st quarter. Advisory Services Network LLC now owns 3,020 shares of the investment management company’s stock worth $35,000 after purchasing an additional 930 shares in the last quarter. Advisor Group Inc. increased its position in shares of Gladstone Investment by 40.2% during the 4th quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock worth $107,000 after purchasing an additional 3,306 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of Gladstone Investment during the 2nd quarter worth about $124,000. Finally, Bank of Montreal Can acquired a new stake in shares of Gladstone Investment during the 1st quarter worth about $244,000. Institutional investors and hedge funds own 12.56% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

Further Reading: Cost of Equity For A Business, Investors

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