Gladstone Investment (NASDAQ:GAIN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.94 and traded as high as $14.03. Gladstone Investment shares last traded at $13.98, with a volume of 168,737 shares changing hands.

Wall Street Analyst Weigh In

GAIN has been the subject of several recent research reports. Zacks Research downgraded Gladstone Investment from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. B. Riley Financial reiterated a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. Wall Street Zen raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Gladstone Investment in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Gladstone Investment Price Performance

The stock has a market capitalization of $556.68 million, a PE ratio of 4.50 and a beta of 0.84. The company has a 50 day moving average price of $13.91 and a 200-day moving average price of $13.94.

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

Gladstone Investment Announces Dividend

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

Institutional Trading of Gladstone Investment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Gladstone Investment during the 4th quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new position in shares of Gladstone Investment in the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. bought a new stake in shares of Gladstone Investment during the second quarter valued at approximately $32,000. Allworth Financial LP grew its stake in Gladstone Investment by 38,592.3% in 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. Finally, JPMorgan Chase & Co. raised its holdings in Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares in the last quarter. 11.85% of the stock is currently owned by hedge funds and other 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.