Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.52 and traded as high as $13.66. Gladstone Investment shares last traded at $13.62, with a volume of 51,910 shares changing hands.
Gladstone Investment Trading Down 1.8 %
The stock's fifty day moving average price is $13.51 and its 200 day moving average price is $13.54. The stock has a market cap of $492.14 million, a P/E ratio of 6.96 and a beta of 1.28.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, sell-side analysts forecast that Gladstone Investment Co. will post 0.96 earnings per share for the current year.
Gladstone Investment Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment's payout ratio is currently 50.00%.
Institutional Investors Weigh In On Gladstone Investment
Several hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new position in shares of Gladstone Investment in the 3rd quarter worth about $239,000. Centiva Capital LP purchased a new position in Gladstone Investment in the third quarter worth about $192,000. Jane Street Group LLC purchased a new position in Gladstone Investment in the third quarter worth about $253,000. Cornerstone Wealth Management LLC bought a new position in shares of Gladstone Investment in the fourth quarter worth approximately $136,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Gladstone Investment during the fourth quarter valued at approximately $250,000. 11.85% of the stock is owned by institutional investors.
About Gladstone Investment
(
Get Free Report)
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.
See Also
Before you consider Gladstone Investment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gladstone Investment wasn't on the list.
While Gladstone Investment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
