News articles about Gladstone Investment (NASDAQ:GAIN) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gladstone Investment earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.4710639315499 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- Gladstone Investment Co. to Issue Special Dividend of $0.06 (GAIN) (americanbankingnews.com)
- Club’s $200k solar, battery investment pays off for youth (gladstoneobserver.com.au)
- Gladstone Capital Announces Board Approval to Reduce Required Asset Coverage as Provided for in the Small … (globenewswire.com)
- Financial Stock Buzz: Gladstone Investment Corporation (GAIN) (stocksgeeks.com)
- Gladstone Investment Increases Monthly Cash Distributions to Common Stockholders and Announces Monthly Cash … (globenewswire.com)
NASDAQ:GAIN opened at $10.54 on Friday. Gladstone Investment has a 12 month low of $9.00 and a 12 month high of $11.50. The company has a market capitalization of $340.22, a price-to-earnings ratio of 14.24 and a beta of 0.53.
The business also recently announced a special dividend, which will be paid on Friday, June 15th. Shareholders of record on Wednesday, June 6th will be given a $0.06 dividend. This represents a yield of 7.69%. The ex-dividend date is Tuesday, June 5th. Gladstone Investment’s dividend payout ratio (DPR) is presently 105.41%.
GAIN has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush raised shares of Gladstone Investment from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $9.56 to $11.00 in a research report on Tuesday, March 6th. Zacks Investment Research downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, Ladenburg Thalmann raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $10.67.
In other Gladstone Investment news, President David A. R. Dullum purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $9.56 per share, for a total transaction of $47,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.
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About Gladstone Investment
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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