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

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Thursday, January 23rd,investing.com reports. Stockholders 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 7.17%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that 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 Up 0.4 %

Shares of GAIN stock traded up $0.05 during trading hours on Thursday, reaching $13.38. 95,286 shares of the stock traded hands, compared to its average volume of 123,256. The firm has a market capitalization of $490.91 million, a PE ratio of 12.62 and a beta of 1.30. The business has a fifty day moving average price of $13.35 and a 200 day moving average price of $13.49. Gladstone Investment has a 1-year low of $12.46 and a 1-year high of $14.85.

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

Analyst Ratings Changes

Several research firms recently issued reports on GAIN. B. Riley increased their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report 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.