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

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

Gladstone Investment has a dividend 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 fall. 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 Performance

Shares of Gladstone Investment stock traded down $0.04 during trading hours on Wednesday, hitting $13.33. The company's stock had a trading volume of 95,597 shares, compared to its average volume of 125,407. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.85. The business has a 50 day moving average price of $13.35 and a two-hundred day moving average price of $13.49. The company has a market cap of $489.08 million, a PE ratio of 12.58 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released 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). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. The company had revenue of $22.57 million during the quarter, compared to analysts' expectations of $22.74 million. During the same period last year, the firm posted $0.24 EPS. As a group, research analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

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

About Gladstone Investment

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.

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