Analysts expect that Gladstone Investment Co. (NASDAQ:GAIN) will announce earnings per share (EPS) of $0.20 for the current quarter, Zacks reports. Three analysts have provided estimates for Gladstone Investment’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.19. Gladstone Investment reported earnings per share of $0.10 in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Gladstone Investment will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.91. For the next fiscal year, analysts forecast that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.80 to $0.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Gladstone Investment.
Several equities research analysts recently commented on the company. LADENBURG THALM/SH SH cut Gladstone Investment from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. ValuEngine raised Gladstone Investment from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday, August 8th.
A number of institutional investors have recently made changes to their positions in GAIN. Virtus ETF Advisers LLC acquired a new stake in Gladstone Investment in the second quarter valued at approximately $2,630,000. Atlantic Union Bankshares Corp bought a new position in shares of Gladstone Investment in the second quarter valued at approximately $1,785,000. Marshall Wace LLP bought a new position in shares of Gladstone Investment in the first quarter valued at approximately $802,000. Bank of America Corp DE lifted its holdings in shares of Gladstone Investment by 3,877.3% in the second quarter. Bank of America Corp DE now owns 46,932 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 45,752 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Gladstone Investment in the first quarter valued at approximately $339,000. 13.68% of the stock is owned by hedge funds and other institutional investors.
NASDAQ GAIN traded down $0.10 during trading hours on Wednesday, hitting $11.53. 141,300 shares of the company’s stock were exchanged, compared to its average volume of 134,660. The stock has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $11.68. Gladstone Investment has a 1-year low of $8.70 and a 1-year high of $12.70. The firm has a market cap of $378.42 million, a price-to-earnings ratio of 14.97 and a beta of 0.85.
The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, September 4th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. Gladstone Investment’s dividend payout ratio (DPR) is presently 106.49%.
About Gladstone Investment
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.
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