Gladstone Investment (NASDAQ:GAIN) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Gladstone Investment (NASDAQ:GAIN) issued its quarterly earnings results on Monday. The investment management company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. The business had revenue of $24.16 million for the quarter, compared to analyst estimates of $25.92 million. Gladstone Investment had a net margin of 149.34% and a return on equity of 5.34%.

Gladstone Investment Trading Down 0.5%

NASDAQ GAIN opened at $15.01 on Wednesday. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14. The company has a market capitalization of $597.70 million, a PE ratio of 3.89 and a beta of 0.72. The firm’s fifty day simple moving average is $15.49 and its 200-day simple moving average is $15.36.

Gladstone Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, December 21st. Gladstone Investment’s dividend payout ratio is currently 22.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GAIN shares. LADENBURG THALM/SH SH raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.83.

Gladstone Investment Company Profile

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.