Gladstone Investment (NASDAQ:GAIN - Get Free Report) posted its quarterly earnings results on Wednesday. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%.
Gladstone Investment Stock Up 0.9 %
Shares of Gladstone Investment stock traded up $0.13 on Friday, hitting $13.97. 129,503 shares of the company traded hands, compared to its average volume of 111,368. The company has a 50-day moving average price of $13.31 and a 200 day moving average price of $13.42. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.85. The company has a market cap of $512.56 million, a PE ratio of 13.18 and a beta of 1.30.
Gladstone Investment Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.08 per share. This represents a yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment's dividend payout ratio (DPR) is currently 90.57%.
Wall Street Analyst Weigh In
Several analysts have issued reports on GAIN shares. StockNews.com raised shares of Gladstone Investment from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. B. Riley boosted their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a research note on Monday, November 11th.
Read Our Latest Analysis on Gladstone Investment
About Gladstone Investment
(
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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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