Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

Gladstone Investment (NASDAQ:GAIN – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, B. Riley dropped their target price on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Read Our Latest Research Report on Gladstone Investment

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $14.18 on Tuesday. The business has a 50 day moving average of $13.31 and a 200 day moving average of $13.77. The company has a market capitalization of $520.25 million, a price-to-earnings ratio of 5.72 and a beta of 1.33. Gladstone Investment has a 1-year low of $12.25 and a 1-year high of $14.96.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last released its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $22.18 million during the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, sell-side analysts anticipate that Gladstone Investment will post 1 EPS for the current year.

Institutional Trading of Gladstone Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL lifted its position in Gladstone Investment by 0.9% in the second quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company’s stock valued at $2,186,000 after purchasing an additional 1,469 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in Gladstone Investment in the second quarter valued at approximately $1,425,000. Drive Wealth Management LLC bought a new stake in Gladstone Investment in the second quarter valued at approximately $174,000. Van ECK Associates Corp lifted its position in Gladstone Investment by 20.0% in the second quarter. Van ECK Associates Corp now owns 845,074 shares of the investment management company’s stock valued at $11,814,000 after purchasing an additional 140,723 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Gladstone Investment in the first quarter valued at approximately $198,000. Institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

(Get Free Report)

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.

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