Gladstone Investment Co. (NASDAQ:GAIN) Plans Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Wednesday, January 22nd,investing.com reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Down 0.3 %

Shares of GAIN traded down $0.04 during trading hours on Wednesday, reaching $13.33. 95,597 shares of the company traded hands, compared to its average volume of 125,407. The company’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $13.49. The company has a market capitalization of $489.08 million, a price-to-earnings ratio of 12.58 and a beta of 1.30. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.57 million for the quarter, compared to the consensus estimate of $22.74 million. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. During the same period in the previous year, the firm posted $0.24 EPS. On average, analysts expect that Gladstone Investment will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

GAIN has been the topic of several research reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley boosted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

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.