Gladstone Investment Co. (NASDAQ:GAIN – Get Rating) – Research analysts at B. Riley increased their Q1 2024 earnings estimates for shares of Gladstone Investment in a research note issued to investors on Thursday, May 11th. B. Riley analyst B. Rowe now expects that the investment management company will earn $0.24 per share for the quarter, up from their previous forecast of $0.23. The consensus estimate for Gladstone Investment’s current full-year earnings is $1.11 per share. B. Riley also issued estimates for Gladstone Investment’s Q2 2024 earnings at $0.27 EPS, Q3 2024 earnings at $0.34 EPS, Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $1.10 EPS.
Other equities research analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of Gladstone Investment in a report on Thursday, March 16th. They set a “hold” rating for the company. TheStreet raised shares of Gladstone Investment from a “c+” rating to a “b” rating in a report on Monday, February 6th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Gladstone Investment has a consensus rating of “Moderate Buy” and an average price target of $13.17.
Gladstone Investment Stock Down 0.1 %
Shares of GAIN opened at $12.86 on Monday. The company has a market capitalization of $431.99 million, a PE ratio of 9.82 and a beta of 1.43. Gladstone Investment has a 52-week low of $11.40 and a 52-week high of $15.86. The company has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $13.47.
Gladstone Investment Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 21st will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 20th. This represents a $0.96 annualized dividend and a dividend yield of 7.47%. Gladstone Investment’s dividend payout ratio is 73.28%.
Insider Buying and Selling
In related news, President David A. R. Dullum acquired 3,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average cost of $12.84 per share, for a total transaction of $38,520.00. Following the completion of the purchase, the president now directly owns 144,916 shares of the company’s stock, valued at approximately $1,860,721.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Gladstone Investment
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIN. Raymond James Financial Services Advisors Inc. bought a new position in shares of Gladstone Investment during the 1st quarter valued at about $186,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Gladstone Investment by 62.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,236 shares of the investment management company’s stock valued at $294,000 after purchasing an additional 7,007 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Gladstone Investment by 3.4% during the 1st quarter. Blair William & Co. IL now owns 155,254 shares of the investment management company’s stock valued at $2,504,000 after purchasing an additional 5,175 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Gladstone Investment during the 1st quarter valued at about $30,000. Finally, UBS Group AG lifted its stake in Gladstone Investment by 7.1% in the 1st quarter. UBS Group AG now owns 49,039 shares of the investment management company’s stock valued at $791,000 after acquiring an additional 3,265 shares in the last quarter. Institutional investors own 12.14% of the company’s stock.
Gladstone Investment Company Profile
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Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments.
Further Reading
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