Gladstone Investment (NASDAQ:GAIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research note released on Saturday.

Several other analysts have also recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Gladstone Investment Trading Up 0.4%

NASDAQ GAIN opened at $13.94 on Friday. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $15.34. The company has a 50 day moving average of $13.91 and a 200-day moving average of $13.94. The firm has a market cap of $555.09 million, a price-to-earnings ratio of 4.48 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%.The business had revenue of $25.06 million during the quarter, compared to analyst estimates of $25.83 million. On average, analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. Gladstone Investment’s payout ratio is currently 30.87%.

Hedge Funds Weigh In On Gladstone Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Gladstone Investment during the 4th quarter worth $31,000. First Horizon Advisors Inc. bought a new stake in shares of Gladstone Investment in the second quarter worth about $32,000. Allworth Financial LP raised its position in shares of Gladstone Investment by 38,592.3% during the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after purchasing an additional 5,017 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Gladstone Investment by 960.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Gladstone Investment in the 2nd quarter valued at approximately $105,000. 11.85% of the stock is owned by institutional investors.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.