Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by Zacks Research

Gladstone Investment (NASDAQ:GAIN) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

GAIN has been the topic of a number of other research reports. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings downgraded Gladstone Investment from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Gladstone Investment currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Gladstone Investment Stock Down 0.2%

Shares of NASDAQ GAIN opened at $15.32 on Monday. The stock has a market capitalization of $610.04 million, a price-to-earnings ratio of 3.67 and a beta of 0.76. The stock’s fifty day simple moving average is $16.06 and its 200 day simple moving average is $15.85. Gladstone Investment has a 52-week low of $13.11 and a 52-week high of $17.14.

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

Institutional Trading of Gladstone Investment

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

About Gladstone Investment

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.