Gladstone Investment (NASDAQ:GAIN) Upgraded to “Hold” at Wall Street Zen

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

Several other equities analysts have also weighed in on GAIN. Weiss Ratings upgraded shares of Gladstone Investment from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 3rd. Oppenheimer increased their target price on shares of Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.50 to $16.50 in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Gladstone Investment Stock Down 1.6%

Shares of NASDAQ:GAIN opened at $16.59 on Friday. The firm has a market cap of $660.61 million, a P/E ratio of 3.97 and a beta of 0.77. The business has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $15.14. Gladstone Investment has a 12-month low of $13.11 and a 12-month high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a net margin of 158.95% and a return on equity of 6.02%. The firm had revenue of $25.19 million during the quarter, compared to the consensus estimate of $25.80 million. As a group, equities research analysts expect that Gladstone Investment will post 0.91 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, September 21st. Gladstone Investment’s dividend payout ratio is presently 20.47%.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in shares of Gladstone Investment by 2.2% in the 3rd quarter. Van ECK Associates Corp now owns 854,730 shares of the investment management company’s stock valued at $11,812,000 after acquiring an additional 18,089 shares during the last quarter. UBS Group AG increased its position in Gladstone Investment by 47.1% during the 4th quarter. UBS Group AG now owns 713,016 shares of the investment management company’s stock valued at $9,961,000 after purchasing an additional 228,168 shares during the period. PFG Advisors increased its position in shares of Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after buying an additional 205,504 shares during the period. Legal & General Group Plc raised its position in shares of Gladstone Investment by 23.0% in the 4th quarter. Legal & General Group Plc now owns 273,752 shares of the investment management company’s stock worth $3,833,000 after acquiring an additional 51,205 shares in the last quarter. Finally, Outfitters Financial LLC raised its holdings in Gladstone Investment by 1.2% in the fourth quarter. Outfitters Financial LLC now owns 204,345 shares of the investment management company’s stock worth $2,855,000 after purchasing an additional 2,450 shares in the last quarter. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

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.