Gladstone Investment Corporation (GAIN) Earns News Impact Score of 0.28
News headlines about Gladstone Investment Corporation (NASDAQ:GAIN) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gladstone Investment Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 47.6671648236166 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms recently weighed in on GAIN. ValuEngine raised shares of Gladstone Investment Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded shares of Gladstone Investment Corporation from a “sell” rating to a “hold” rating in a report on Monday, September 11th. BidaskClub downgraded shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC lifted their price objective on shares of Gladstone Investment Corporation from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.67.
Shares of Gladstone Investment Corporation (NASDAQ:GAIN) traded up $0.10 during midday trading on Wednesday, reaching $11.08. The company’s stock had a trading volume of 196,200 shares, compared to its average volume of 166,823. The firm has a market capitalization of $357.14, a P/E ratio of 15.91 and a beta of 0.73. Gladstone Investment Corporation has a 12-month low of $7.95 and a 12-month high of $11.17.
Gladstone Investment Corporation (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Gladstone Investment Corporation had a return on equity of 6.95% and a net margin of 80.07%. The company had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. analysts predict that Gladstone Investment Corporation will post 0.71 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.06 dividend. This represents a yield of 7.93%. The ex-dividend date is Monday, December 4th. Gladstone Investment Corporation’s payout ratio is presently 57.78%.
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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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