Gladstone Investment (NASDAQ:GAIN) Releases Earnings Results

Gladstone Investment (NASDAQ:GAIN) issued its quarterly earnings data on Monday. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), FiscalAI reports. The firm had revenue of $24.16 million during the quarter, compared to analyst estimates of $25.92 million. Gladstone Investment had a return on equity of 5.90% and a net margin of 158.95%.

Gladstone Investment Price Performance

Gladstone Investment stock opened at $15.09 on Tuesday. The firm has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $15.35. Gladstone Investment has a 1-year low of $13.11 and a 1-year high of $17.14. The stock has a market cap of $600.88 million, a price-to-earnings ratio of 16.92 and a beta of 0.72.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, December 21st. Gladstone Investment’s payout ratio is presently 22.97%.

Wall Street Analyst Weigh In

A number of analysts have commented on GAIN shares. Weiss Ratings downgraded shares of Gladstone Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Zacks Research cut Gladstone Investment from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Gladstone Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

About Gladstone Investment

Gladstone Investment Corporation (NASDAQ: GAIN) is a business development company that provides financing and makes equity investments in established lower middle-market companies. The company primarily supports businesses that require capital for acquisitions, recapitalizations, buyouts, growth initiatives and other corporate purposes.

Gladstone Investment typically invests through a combination of secured loans, subordinated or mezzanine debt and equity securities. Its portfolio companies operate across a range of industries, allowing the company to pursue diversification rather than concentrate exclusively on one sector.

Founded in 2005, Gladstone Investment generally focuses on companies based in the United States.