Gladstone Investment Co. (NASDAQ:GAIN – Get Rating) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.32 and traded as high as $13.44. Gladstone Investment shares last traded at $13.09, with a volume of 360,200 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Gladstone Investment in a report on Thursday, May 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Gladstone Investment has an average rating of “Moderate Buy” and a consensus price target of $13.17.
Gladstone Investment Trading Down 1.9 %
The firm has a market cap of $439.69 million, a P/E ratio of 9.99 and a beta of 1.43. The firm has a 50-day simple moving average of $13.21 and a 200-day simple moving average of $13.32.
Gladstone Investment (NASDAQ:GAIN – Get Rating) last announced its earnings results on Wednesday, May 10th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $19.86 million for the quarter, compared to analysts’ expectations of $20.07 million. Gladstone Investment had a return on equity of 7.95% and a net margin of 53.82%. Research analysts predict that Gladstone Investment Co. will post 1.09 earnings per share for the current fiscal year.
Gladstone Investment Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a yield of 7.08%. Gladstone Investment’s dividend payout ratio (DPR) is presently 73.28%.
Institutional Trading of Gladstone Investment
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its position in shares of Gladstone Investment by 5.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 43,397 shares of the investment management company’s stock worth $560,000 after purchasing an additional 2,314 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Gladstone Investment in the 4th quarter worth $199,000. International Assets Investment Management LLC boosted its position in shares of Gladstone Investment by 12.1% in the 4th quarter. International Assets Investment Management LLC now owns 83,835 shares of the investment management company’s stock worth $1,082,000 after purchasing an additional 9,045 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its position in shares of Gladstone Investment by 16.6% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 81,920 shares of the investment management company’s stock worth $1,058,000 after purchasing an additional 11,688 shares in the last quarter. Finally, Concorde Asset Management LLC boosted its position in shares of Gladstone Investment by 87.3% in the 4th quarter. Concorde Asset Management LLC now owns 92,119 shares of the investment management company’s stock worth $1,189,000 after purchasing an additional 42,924 shares in the last quarter. Institutional investors own 13.03% of the company’s stock.
Gladstone Investment Company Profile
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Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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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