Gladstone Investment (NASDAQ:GAIN) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Gladstone Investment Corporation (NASDAQ:GAIN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.91 and traded as high as $14.75. Gladstone Investment shares last traded at $14.66, with a volume of 266,965 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. B. Riley Financial restated a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Zacks Research raised shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Gladstone Investment Stock Performance

The firm has a market capitalization of $578.58 million, a price-to-earnings ratio of 4.67 and a beta of 0.78. The firm has a fifty day moving average price of $14.02 and a 200 day moving average price of $13.92.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $25.06 million for the quarter, compared to analyst estimates of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. Research analysts predict that Gladstone Investment Corporation will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. Gladstone Investment’s dividend payout ratio is 30.87%.

Institutional Trading of Gladstone Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Gladstone Investment by 5.6% during the fourth quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock worth $286,000 after buying an additional 1,084 shares during the period. Abel Hall LLC acquired a new stake in shares of Gladstone Investment during the 4th quarter valued at approximately $140,000. Osaic Holdings Inc. boosted its stake 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 acquiring an additional 70,566 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Gladstone Investment by 4.7% during the 4th quarter. Royal Bank of Canada now owns 66,229 shares of the investment management company’s stock worth $926,000 after acquiring an additional 3,002 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Gladstone Investment in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

About Gladstone Investment

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.