Somewhat Positive Press Coverage Somewhat Unlikely to Impact Gladstone Investment Corporation (GAIN) Stock Price
Media headlines about Gladstone Investment Corporation (NASDAQ:GAIN) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Investment Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.5144283452416 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Gladstone Investment Corporation (NASDAQ:GAIN) Expected to Post Quarterly Sales of $12.22 Million (americanbankingnews.com)
- Financial Review: BlackRock Enhanced Global Dividend Trust (BOE) and Gladstone Investment Corporation (GAIN) (americanbankingnews.com)
- Gladstone Investment Corporatio (NASDAQ:GAINO) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- Zacks: Analysts Expect Gladstone Investment Corporation (GAIN) Will Post Earnings of $0.17 Per Share (americanbankingnews.com)
- Gladstone Investment Corporation (GAIN) closes with a move of -0.42% and Primerica, Inc. (PRI) with share worth of … – Stocks Gallery (stocksgallery.com)
Gladstone Investment Corporation (NASDAQ:GAIN) opened at 9.72 on Monday. The stock’s 50 day moving average is $9.42 and its 200-day moving average is $9.20. Gladstone Investment Corporation has a 1-year low of $7.16 and a 1-year high of $9.84.
Gladstone Investment Corporation (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, August 1st. The investment management company reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $13.62 million for the quarter, compared to analyst estimates of $13.01 million. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 55.52%. Equities research analysts predict that Gladstone Investment Corporation will post $0.73 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be paid a $0.064 dividend. This represents a $0.77 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Tuesday, September 19th. Gladstone Investment Corporation’s dividend payout ratio is 82.80%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Gladstone Investment Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub downgraded shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Wedbush began coverage on shares of Gladstone Investment Corporation in a research note on Wednesday, June 14th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price objective on shares of Gladstone Investment Corporation in a research note on Wednesday, April 12th.
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In other Gladstone Investment Corporation news, CEO David Gladstone acquired 24,000 shares of Gladstone Investment Corporation stock in a transaction on Wednesday, June 14th. The shares were bought at an average price of $9.25 per share, with a total value of $222,000.00. Following the completion of the purchase, the chief executive officer now owns 625,973 shares in the company, valued at $5,790,250.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.
About Gladstone Investment Corporation
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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