Gladstone Investment (GAIN) Scheduled to Post Quarterly Earnings on Thursday

Gladstone Investment (NASDAQ:GAIN - Get Free Report) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. The firm had revenue of $22.18 million during the quarter, compared to the consensus estimate of $24.27 million. During the same period in the prior year, the business posted $0.25 earnings per share. On average, analysts expect Gladstone Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Investment Stock Up 1.4 %

Shares of NASDAQ:GAIN traded up $0.18 during midday trading on Tuesday, hitting $13.35. The stock had a trading volume of 47,374 shares, compared to its average volume of 148,560. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.96. The business's 50-day simple moving average is $13.55 and its 200-day simple moving average is $13.77. The company has a market cap of $489.81 million, a P/E ratio of 6.55 and a beta of 1.33.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.08 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.96 annualized dividend and a dividend yield of 7.19%. Gladstone Investment's dividend payout ratio is presently 47.06%.

Analyst Ratings Changes

Several equities analysts recently weighed in on GAIN shares. StockNews.com cut shares of Gladstone Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, October 15th. B. Riley decreased their target price on shares of Gladstone Investment from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.