Zacks Investment Research upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a research note published on Monday morning, Zacks.com reports. The brokerage currently has $15.00 target price on the investment management company’s stock.

According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “

GAIN has been the subject of a number of other reports. ValuEngine raised Gladstone Investment from a sell rating to a hold rating in a research note on Thursday, January 16th. BidaskClub lowered Gladstone Investment from a hold rating to a sell rating in a research note on Friday, January 31st. Finally, Wedbush lowered Gladstone Investment from an outperform rating to a neutral rating and increased their price target for the company from $13.75 to $14.00 in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Gladstone Investment currently has an average rating of Hold and a consensus target price of $14.50.

Gladstone Investment stock traded up $0.03 during midday trading on Monday, reaching $13.68. 3,172 shares of the stock traded hands, compared to its average volume of 169,207. The stock’s fifty day moving average is $13.45 and its 200-day moving average is $12.96. Gladstone Investment has a 12 month low of $10.97 and a 12 month high of $15.34. The stock has a market cap of $451.12 million, a P/E ratio of 13.82 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Gladstone Investment had a net margin of 49.63% and a return on equity of 7.16%. The firm had revenue of $16.00 million for the quarter, compared to the consensus estimate of $14.08 million. As a group, research analysts predict that Gladstone Investment will post 0.91 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 18th. This is a positive change from Gladstone Investment’s previous dividend of $0.07. Gladstone Investment’s dividend payout ratio is presently 109.09%.

A number of institutional investors have recently made changes to their positions in GAIN. Financial Gravity Wealth Inc. lifted its stake in shares of Gladstone Investment by 129.6% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 2,698 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,523 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Gladstone Investment by 2.8% in the 4th quarter. California Public Employees Retirement System now owns 95,000 shares of the investment management company’s stock valued at $1,259,000 after purchasing an additional 2,600 shares during the last quarter. PFG Advisors lifted its stake in shares of Gladstone Investment by 1.7% in the 3rd quarter. PFG Advisors now owns 165,495 shares of the investment management company’s stock valued at $2,037,000 after purchasing an additional 2,751 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Gladstone Investment by 10.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 30,353 shares of the investment management company’s stock valued at $374,000 after purchasing an additional 2,832 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in shares of Gladstone Investment by 25.8% in the 3rd quarter. BB&T Securities LLC now owns 15,173 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 3,109 shares during the last quarter. 13.31% of the stock is owned by institutional investors.

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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