Equities Analysts Set Expectations for Gladstone Investment Co.’s FY2019 Earnings (GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) – Investment analysts at Jefferies Group raised their FY2019 earnings estimates for shares of Gladstone Investment in a report released on Wednesday, May 16th. Jefferies Group analyst K. Joseph now anticipates that the investment management company will earn $0.80 per share for the year, up from their prior forecast of $0.78.

Several other research analysts have also weighed in on the stock. BidaskClub lowered shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 11th. ValuEngine lowered shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Wedbush upgraded shares of Gladstone Investment from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $9.56 to $11.00 in a research note on Tuesday, March 6th. Finally, Ladenburg Thalmann upgraded shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.67.

Gladstone Investment stock opened at $11.25 on Friday. The stock has a market cap of $361.38 million, a PE ratio of 13.72 and a beta of 0.51. Gladstone Investment has a fifty-two week low of $9.82 and a fifty-two week high of $11.30.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, May 15th. The investment management company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $15.42 million for the quarter, compared to analysts’ expectations of $13.88 million. Gladstone Investment had a net margin of 104.00% and a return on equity of 7.78%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its stake in Gladstone Investment by 143.0% in the 1st quarter. Millennium Management LLC now owns 256,230 shares of the investment management company’s stock valued at $2,588,000 after buying an additional 150,774 shares during the last quarter. Outfitter Advisors LTD. grew its stake in Gladstone Investment by 2.8% in the 4th quarter. Outfitter Advisors LTD. now owns 249,915 shares of the investment management company’s stock valued at $2,789,000 after buying an additional 6,750 shares during the last quarter. BlackRock Inc. grew its stake in Gladstone Investment by 9.0% in the 4th quarter. BlackRock Inc. now owns 208,736 shares of the investment management company’s stock valued at $2,329,000 after buying an additional 17,156 shares during the last quarter. LPL Financial LLC grew its stake in Gladstone Investment by 103.9% in the 1st quarter. LPL Financial LLC now owns 141,409 shares of the investment management company’s stock valued at $1,428,000 after buying an additional 72,060 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Gladstone Investment by 49.5% in the 4th quarter. California Public Employees Retirement System now owns 122,600 shares of the investment management company’s stock valued at $1,368,000 after buying an additional 40,600 shares during the last quarter. Institutional investors and hedge funds own 15.83% of the company’s stock.

In other news, President David A. R. Dullum acquired 5,000 shares of the stock in a transaction dated Monday, March 5th. The shares were bought at an average cost of $9.56 per share, for a total transaction of $47,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by insiders.

The company also recently disclosed a special dividend, which will be paid on Friday, June 15th. Stockholders of record on Wednesday, June 6th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a dividend yield of 7.69%. Gladstone Investment’s dividend payout ratio is presently 97.56%.

Gladstone Investment Company Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

Earnings History and Estimates for Gladstone Investment (NASDAQ:GAIN)

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