Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on September 19th
Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Wednesday, July 12th, Wall Street Journal reports. Stockholders of record on Wednesday, September 20th will be given a dividend of 0.064 per share by the investment management company on Friday, September 29th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Tuesday, September 19th.
Gladstone Investment Corporation (GAIN) opened at 9.21 on Thursday. Gladstone Investment Corporation has a 1-year low of $7.16 and a 1-year high of $9.84. The stock has a 50 day moving average price of $9.41 and a 200-day moving average price of $9.28.
Gladstone Investment Corporation (NASDAQ:GAIN) last posted its earnings results on Tuesday, August 1st. The investment management company reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 55.52%. The firm had revenue of $13.62 million for the quarter, compared to analysts’ expectations of $13.01 million. On average, analysts predict that Gladstone Investment Corporation will post $0.70 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on GAIN shares. Zacks Investment Research upgraded Gladstone Investment Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine upgraded Gladstone Investment Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and set a $9.00 target price on shares of Gladstone Investment Corporation in a research report on Friday, July 14th. Finally, Wedbush started coverage on Gladstone Investment Corporation in a research report on Wednesday, June 14th. They set an “outperform” rating and a $10.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Gladstone Investment Corporation has a consensus rating of “Hold” and an average target price of $9.50.
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Gladstone Investment Corporation Company Profile
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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