Brokerages Expect Gladstone Investment Co. (GAIN) Will Announce Earnings of $0.18 Per Share
Brokerages forecast that Gladstone Investment Co. (NASDAQ:GAIN) will announce earnings per share (EPS) of $0.18 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gladstone Investment’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.20. Gladstone Investment posted earnings of $0.23 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 21.7%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 5th.
According to Zacks, analysts expect that Gladstone Investment will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.64 to $0.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.71 to $0.80. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Monday, November 5th. The investment management company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.32). The firm had revenue of $13.09 million during the quarter, compared to the consensus estimate of $15.37 million. Gladstone Investment had a return on equity of 6.58% and a net margin of 168.91%.
In other news, President David A. R. Dullum purchased 5,600 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $9.94 per share, with a total value of $55,664.00. Following the acquisition, the president now directly owns 91,816 shares in the company, valued at $912,651.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders acquired 8,500 shares of company stock worth $84,494. Insiders own 2.51% of the company’s stock.
Several large investors have recently bought and sold shares of GAIN. Creative Planning lifted its position in shares of Gladstone Investment by 101.1% in the 3rd quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock worth $230,000 after purchasing an additional 10,105 shares during the period. Raymond James & Associates lifted its position in shares of Gladstone Investment by 43.6% in the 2nd quarter. Raymond James & Associates now owns 22,017 shares of the investment management company’s stock worth $259,000 after purchasing an additional 6,686 shares during the period. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Gladstone Investment in the 3rd quarter worth about $530,000. Advisory Research Inc. purchased a new stake in shares of Gladstone Investment in the 3rd quarter worth about $574,000. Finally, Legal & General Group Plc lifted its position in shares of Gladstone Investment by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 120,821 shares of the investment management company’s stock worth $1,423,000 after purchasing an additional 4,889 shares during the period. 15.48% of the stock is owned by hedge funds and other institutional investors.
Gladstone Investment stock traded up $0.03 during trading hours on Friday, reaching $10.59. The stock had a trading volume of 81,334 shares, compared to its average volume of 139,893. The firm has a market cap of $347.58 million, a PE ratio of 12.91 and a beta of 0.59. Gladstone Investment has a 52 week low of $8.70 and a 52 week high of $12.26.
The company also recently declared a monthly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Friday, January 18th will be issued a $0.068 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Thursday, January 17th. Gladstone Investment’s dividend payout ratio (DPR) is presently 100.00%.
About Gladstone Investment
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.
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