Gladstone Investment (GAIN) Upgraded at BidaskClub

BidaskClub upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

GAIN has been the topic of several other reports. Zacks Investment Research lowered shares of Gladstone Investment from a hold rating to a sell rating in a report on Friday, November 9th. ValuEngine lowered shares of Gladstone Investment from a buy rating to a hold rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Gladstone Investment presently has an average rating of Hold and an average target price of $12.00.

GAIN opened at $10.36 on Friday. The firm has a market capitalization of $333.15 million, a price-to-earnings ratio of 12.63 and a beta of 0.59. Gladstone Investment has a twelve month low of $8.70 and a twelve month high of $12.26.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Monday, November 5th. The investment management company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.32). The firm had revenue of $13.09 million during the quarter, compared to analyst estimates of $15.37 million. Gladstone Investment had a return on equity of 6.58% and a net margin of 168.91%. Sell-side analysts anticipate that Gladstone Investment will post 0.67 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, January 18th will be issued a dividend of $0.068 per share. The ex-dividend date is Thursday, January 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.88%. Gladstone Investment’s payout ratio is 100.00%.

In related news, President David A. R. Dullum acquired 5,600 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average cost of $9.94 per share, for a total transaction of $55,664.00. Following the completion of the acquisition, the president now directly owns 91,816 shares in the company, valued at approximately $912,651.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 8,500 shares of company stock worth $84,494. 2.51% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in GAIN. Creative Planning grew its position in Gladstone Investment by 101.1% in the third quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 10,105 shares in the last quarter. Raymond James & Associates grew its position in shares of Gladstone Investment by 43.6% in the 2nd quarter. Raymond James & Associates now owns 22,017 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 6,686 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Gladstone Investment in the 3rd quarter valued at about $530,000. Advisory Research Inc. bought a new position in shares of Gladstone Investment in the 3rd quarter valued at about $574,000. Finally, Legal & General Group Plc grew its position in shares of Gladstone Investment by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 120,821 shares of the investment management company’s stock valued at $1,423,000 after acquiring an additional 4,889 shares during the period. 15.48% of the stock is owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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