Gladstone Investment (NASDAQ:GAIN) Stock Moved Up to “Buy” by LADENBURG THALM/SH SH

Gladstone Investment (NASDAQ:GAIN) was upgraded by analysts at LADENBURG THALM/SH SH from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat reports. The brokerage presently has a $17.00 target price on the investment management company’s stock. LADENBURG THALM/SH SH‘s price target would suggest a potential upside of 13.26% from the stock’s current price.

A number of other equities research analysts also recently issued reports on GAIN. Zacks Research downgraded shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.83.

Gladstone Investment Stock Performance

Shares of GAIN opened at $15.01 on Wednesday. The company has a market capitalization of $597.70 million, a PE ratio of 3.89 and a beta of 0.72. The stock has a fifty day moving average of $15.49 and a two-hundred day moving average of $15.36. Gladstone Investment has a fifty-two week low of $13.11 and a fifty-two week high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Monday, November 9th. The investment management company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.08). The company had revenue of $24.16 million for the quarter, compared to analysts’ expectations of $25.92 million. Gladstone Investment had a return on equity of 5.34% and a net margin of 149.34%. As a group, equities research analysts forecast that Gladstone Investment will post 1.00 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

A number of hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Gladstone Investment in the second quarter worth $123,000. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment in the first quarter valued at $254,000. Private Advisor Group LLC raised its holdings in Gladstone Investment by 25.1% in the third quarter. Private Advisor Group LLC now owns 17,074 shares of the investment management company’s stock valued at $266,000 after acquiring an additional 3,422 shares in the last quarter. Independent Financial Group LLC bought a new position in Gladstone Investment during the 1st quarter valued at $355,000. Finally, Cetera Investment Advisers boosted its stake in Gladstone Investment by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 717 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation is a publicly traded business development company that provides debt and equity capital to established lower middle-market businesses in the United States. The company invests in connection with management buyouts, acquisitions, recapitalizations and growth initiatives. Its investments may include secured loans and ownership stakes, allowing Gladstone Investment to support portfolio companies with both financing and equity capital. The company typically seeks businesses with established operations and opportunities for continued development.