Gladstone Investment (NASDAQ:GAIN) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a report published on Wednesday morning, BidAskClub reports.

A number of other equities analysts have also weighed in on GAIN. LADENBURG THALM/SH SH reiterated a buy rating and issued a $1.25 price target on shares of Arch Therapeutics in a research report on Wednesday, May 15th. ValuEngine upgraded shares of Xylem from a hold rating to a buy rating in a research report on Friday, June 21st. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Tuesday, July 16th.

GAIN opened at $11.16 on Wednesday. The company has a market capitalization of $369.25 million, a price-to-earnings ratio of 14.49 and a beta of 0.85. Gladstone Investment has a 1-year low of $8.70 and a 1-year high of $12.70. The stock has a 50 day moving average price of $11.35.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $16.10 million during the quarter, compared to analyst estimates of $13.93 million. Gladstone Investment had a net margin of 136.75% and a return on equity of 6.37%. On average, analysts forecast that Gladstone Investment will post 0.81 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 22nd will be given a dividend of $0.068 per share. The ex-dividend date is Friday, July 19th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.31%. Gladstone Investment’s dividend payout ratio is 106.49%.

Several large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its position in shares of Gladstone Investment by 40.2% during the 4th quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock valued at $107,000 after buying an additional 3,306 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $125,000. Global Strategic Management Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $1,258,000. Legal & General Group Plc raised its position in shares of Gladstone Investment by 16.4% during the 4th quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock valued at $1,384,000 after buying an additional 20,863 shares in the last quarter. Finally, PFG Advisors purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at $2,424,000. Hedge funds and other institutional investors own 12.24% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.

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