Gladstone Investment (NASDAQ:GAIN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Gladstone Investment Corporation (NASDAQ:GAINGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.67 and traded as high as $15.93. Gladstone Investment shares last traded at $15.84, with a volume of 115,012 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GAIN shares. Weiss Ratings cut Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 1st. Zacks Research upgraded Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. One investment 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.com, the stock has an average rating of “Buy” and a consensus price target of $16.75.

Read Our Latest Research Report on GAIN

Gladstone Investment Price Performance

The stock has a market cap of $622.78 million, a price-to-earnings ratio of 3.74 and a beta of 0.77. The company’s 50 day moving average is $16.32 and its 200 day moving average is $15.68.

Gladstone Investment (NASDAQ:GAINGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.The firm had revenue of $28.36 million during the quarter, compared to analysts’ expectations of $25.75 million. Sell-side analysts predict that Gladstone Investment Corporation will post 1 earnings per share for the current year.

Gladstone Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, September 21st. Gladstone Investment’s dividend payout ratio is 22.97%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted 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 valued at $12,431,000 after purchasing an additional 212,170 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in shares of Gladstone Investment during the second quarter valued at about $572,000. Independent Financial Group LLC acquired a new stake in Gladstone Investment during the 1st quarter valued at approximately $355,000. Greenwood Gearhart LLC purchased a new stake in Gladstone Investment during the 1st quarter worth approximately $254,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Gladstone Investment during the 2nd quarter worth approximately $123,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

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Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and equity capital to established lower middle-market businesses in the United States. The company invests in companies across a range of industries and generally seeks businesses with stable operations, experienced management teams and opportunities for growth or operational improvement.

Gladstone Investment’s activities include originating and investing in secured debt, subordinated debt and equity securities.

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