Gladstone Investment (NASDAQ:GAIN) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Gladstone Investment (NASDAQ:GAIN – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, Zacks Investment Research downgraded Gladstone Investment from a buy rating to a hold rating in a research report on Tuesday, April 12th.

Gladstone Investment stock opened at $14.61 on Wednesday. The company has a market capitalization of $485.20 million, a PE ratio of 4.74, a price-to-earnings-growth ratio of 5.46 and a beta of 1.48. Gladstone Investment has a one year low of $13.54 and a one year high of $17.15. The business has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $15.98.

Gladstone Investment (NASDAQ:GAIN – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Gladstone Investment had a net margin of 141.02% and a return on equity of 7.02%. The business had revenue of $19.25 million during the quarter, compared to the consensus estimate of $16.61 million. On average, sell-side analysts anticipate that Gladstone Investment will post 0.91 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $0.90 dividend on an annualized basis and a yield of 6.16%. Gladstone Investment’s payout ratio is 29.22%.

In other news, President David A. R. Dullum purchased 5,500 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were bought at an average cost of $14.56 per share, for a total transaction of $80,080.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.61% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of GAIN. Van ECK Associates Corp grew its position in Gladstone Investment by 52.6% during the first quarter. Van ECK Associates Corp now owns 821,203 shares of the investment management company’s stock worth $13,246,000 after buying an additional 283,224 shares in the last quarter. Two Sigma Investments LP raised its position in Gladstone Investment by 78.9% during the 3rd quarter. Two Sigma Investments LP now owns 117,358 shares of the investment management company’s stock worth $1,628,000 after purchasing an additional 51,748 shares during the last quarter. Invesco Ltd. bought a new position in Gladstone Investment during the 4th quarter worth $707,000. BlackRock Inc. raised its position in Gladstone Investment by 14.0% during the 3rd quarter. BlackRock Inc. now owns 245,206 shares of the investment management company’s stock worth $3,401,000 after purchasing an additional 30,122 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Gladstone Investment by 18.8% in the 3rd quarter. Two Sigma Advisers LP now owns 139,142 shares of the investment management company’s stock worth $1,930,000 after acquiring an additional 22,000 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Company Profile (Get Rating)

Gladstone Investment Corporation 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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