Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Gladstone Investment (NASDAQ:GAIN) from a hold rating to a sell rating in a research note released on Tuesday morning.

Separately, B. Riley dropped their price target on shares of Gladstone Investment from $14.00 to $13.00 and set a neutral rating on the stock in a research report on Wednesday, August 7th.

Gladstone Investment Stock Up 1.0 %

Shares of Gladstone Investment stock opened at $14.27 on Tuesday. The stock has a market cap of $523.55 million, a price-to-earnings ratio of 5.75 and a beta of 1.33. Gladstone Investment has a twelve month low of $12.14 and a twelve month high of $14.96. The company’s fifty day moving average is $13.26 and its 200 day moving average is $13.77.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.18 million during the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities analysts anticipate that Gladstone Investment will post 0.99 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, October 4th will be paid a $0.70 dividend. The ex-dividend date is Friday, October 4th. Gladstone Investment’s dividend payout ratio is 38.71%.

Institutional Investors Weigh In On Gladstone Investment

Several large investors have recently added to or reduced their stakes in GAIN. Quarry LP acquired a new position in Gladstone Investment in the fourth quarter valued at approximately $84,000. Creekmur Asset Management LLC bought a new position in Gladstone Investment during the fourth quarter worth $105,000. Trexquant Investment LP acquired a new stake in Gladstone Investment in the fourth quarter worth $151,000. Drive Wealth Management LLC bought a new stake in Gladstone Investment in the second quarter valued at $174,000. Finally, Virtu Financial LLC acquired a new position in shares of Gladstone Investment during the first quarter valued at about $198,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Company Profile

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.