Gladstone Investment’s (GAIN) “Neutral” Rating Reaffirmed at B. Riley

Gladstone Investment (NASDAQ:GAIN)‘s stock had its “neutral” rating reaffirmed by research analysts at B. Riley in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $14.00 price objective on the investment management company’s stock, up from their previous price objective of $13.50. B. Riley’s target price would suggest a potential downside of 0.85% from the company’s current price.

Separately, LADENBURG THALM/SH SH reissued a “neutral” rating and set a $14.00 price objective on shares of Gladstone Investment in a research report on Thursday.

Gladstone Investment Stock Up 0.2 %

Gladstone Investment stock traded up $0.03 during trading hours on Friday, reaching $14.12. 47,983 shares of the company’s stock were exchanged, compared to its average volume of 158,509. The firm’s 50 day simple moving average is $14.02 and its 200 day simple moving average is $14.17. Gladstone Investment has a twelve month low of $12.14 and a twelve month high of $14.96. The firm has a market capitalization of $518.05 million, a PE ratio of 7.12 and a beta of 1.33.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Gladstone Investment had a return on equity of 7.79% and a net margin of 80.68%. The business had revenue of $23.08 million for the quarter, compared to analyst estimates of $24.04 million. Analysts anticipate that Gladstone Investment will post 1.01 EPS for the current year.

Hedge Funds Weigh In On Gladstone Investment

Several large investors have recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. lifted its position in Gladstone Investment by 3.6% in the 4th quarter. Johnson Investment Counsel Inc. now owns 22,582 shares of the investment management company’s stock valued at $320,000 after acquiring an additional 790 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Gladstone Investment by 5.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 40,507 shares of the investment management company’s stock valued at $516,000 after buying an additional 2,118 shares during the last quarter. Signaturefd LLC increased its stake in Gladstone Investment by 612.6% in the 4th quarter. Signaturefd LLC now owns 2,772 shares of the investment management company’s stock valued at $39,000 after buying an additional 2,383 shares during the last quarter. Private Advisor Group LLC increased its stake in Gladstone Investment by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 16,170 shares of the investment management company’s stock valued at $206,000 after buying an additional 2,635 shares during the last quarter. Finally, Northwest Financial Advisors purchased a new stake in Gladstone Investment in the 4th quarter valued at about $57,000. Institutional investors own 11.85% of the company’s stock.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.