Gladstone Investment (NASDAQ:GAIN) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Gladstone Investment (NASDAQ:GAIN) from a strong-buy rating to a buy rating in a report released on Tuesday morning, BidAskClub reports.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Gladstone Investment from a buy rating to a hold rating in a research report on Wednesday, April 10th. LADENBURG THALM/SH SH downgraded shares of Gladstone Investment from a buy rating to a neutral rating in a research report on Wednesday, May 15th.

Shares of Gladstone Investment stock opened at $11.67 on Tuesday. Gladstone Investment has a 52-week low of $8.70 and a 52-week high of $12.70. The company has a market capitalization of $383.37 million, a PE ratio of 15.16 and a beta of 0.88.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Gladstone Investment had a net margin of 136.75% and a return on equity of 6.37%. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $13.93 million. As a group, research analysts forecast that Gladstone Investment will post 0.81 earnings per share for the current year.

The business also recently announced a special dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.09 per share. This represents a yield of 6.64%. The ex-dividend date is Tuesday, June 4th. This is an increase from Gladstone Investment’s previous special dividend of $0.06. Gladstone Investment’s payout ratio is currently 106.49%.

Large investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. grew its position in Gladstone Investment by 24.0% during the 1st quarter. Wedbush Securities Inc. now owns 21,692 shares of the investment management company’s stock worth $252,000 after purchasing an additional 4,196 shares during the last quarter. Global Strategic Management Inc. purchased a new stake in shares of Gladstone Investment in the 4th quarter valued at $1,258,000. Bank of Montreal Can purchased a new stake in shares of Gladstone Investment in the 1st quarter valued at $244,000. Claybrook Capital LLC purchased a new stake in shares of Gladstone Investment in the 4th quarter valued at $26,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Gladstone Investment by 6.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 33,307 shares of the investment management company’s stock valued at $310,000 after acquiring an additional 1,875 shares during the last quarter. 12.24% of the stock is currently owned by institutional investors.

About Gladstone Investment

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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