Gladstone Investment (NASDAQ:GAIN) Lowered to Sell Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Gladstone Investment (NASDAQ:GAIN – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Zacks Research upgraded shares of Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $16.75.

Read Our Latest Report on GAIN

Gladstone Investment Stock Performance

Gladstone Investment stock opened at $15.90 on Friday. The business’s 50-day simple moving average is $16.36 and its 200-day simple moving average is $15.57. The firm has a market capitalization of $633.14 million, a PE ratio of 3.80 and a beta of 0.77. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last announced its earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $28.36 million during the quarter, compared to the consensus estimate of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. Research analysts forecast that Gladstone Investment will post 1 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Investment’s dividend payout ratio (DPR) is 22.97%.

Hedge Funds Weigh In On Gladstone Investment

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG grew its stake in shares of Gladstone Investment by 89.6% in the 3rd quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock valued at $6,701,000 after purchasing an additional 229,192 shares during the period. Van ECK Associates Corp raised its holdings in shares of Gladstone Investment by 35.8% in the 2nd quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after buying an additional 212,170 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Gladstone Investment by 395.5% during the 4th quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after buying an additional 70,566 shares during the period. Invesco Ltd. bought a new position in shares of Gladstone Investment during the 2nd quarter worth approximately $735,000. Finally, Legal & General Group Plc boosted its stake in Gladstone Investment by 23.0% in the 4th quarter. Legal & General Group Plc now owns 273,752 shares of the investment management company’s stock valued at $3,833,000 after buying an additional 51,205 shares in the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

About Gladstone Investment

(Get Free Report)

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.

See Also