Gladstone Investment (NASDAQ:GAIN) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research report report published on Monday morning,Wall Street Zen reports.

Several other brokerages have also issued reports on GAIN. Zacks Research upgraded shares of Gladstone Investment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Gladstone Investment presently has a consensus rating of “Buy” and an average target price of $16.75.

Gladstone Investment Trading Up 0.7%

Shares of GAIN opened at $15.35 on Monday. The company has a market cap of $611.27 million, a PE ratio of 3.67 and a beta of 0.76. The stock has a 50-day moving average price of $16.09 and a 200-day moving average price of $15.84. Gladstone Investment has a 12-month low of $13.11 and a 12-month high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Thursday, August 6th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $28.36 million during the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%. As a group, analysts predict that Gladstone Investment will post 1.00 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Investment

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Gladstone Investment by 35.8% in the 2nd quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after purchasing an additional 212,170 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Gladstone Investment during the 2nd quarter valued at about $572,000. Cetera Investment Advisers lifted its position in Gladstone Investment by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after buying an additional 717 shares during the last quarter. Independent Financial Group LLC bought a new stake in Gladstone Investment in the 1st quarter worth approximately $355,000. Finally, Greenwood Gearhart LLC bought a new stake in Gladstone Investment in the 1st quarter worth approximately $254,000. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.