Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.47 and traded as high as $13.63. Gladstone Investment shares last traded at $13.49, with a volume of 73,340 shares changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GAIN. StockNews.com upgraded shares of Gladstone Investment from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. B. Riley increased their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a research report on Monday, November 11th.
Read Our Latest Research Report on Gladstone Investment
Gladstone Investment Stock Up 1.5 %
The firm has a market capitalization of $497.30 million, a PE ratio of 7.03 and a beta of 1.28. The stock's fifty day simple moving average is $13.41 and its 200 day simple moving average is $13.47.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, analysts predict that Gladstone Investment Co. will post 0.96 EPS for the current year.
Gladstone Investment Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 7.18%. Gladstone Investment's dividend payout ratio is currently 50.00%.
Institutional Trading of Gladstone Investment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriflex Group Inc. purchased a new stake in shares of Gladstone Investment in the fourth quarter worth $699,000. United Advisor Group LLC increased its stake in shares of Gladstone Investment by 9.0% in the fourth quarter. United Advisor Group LLC now owns 76,389 shares of the investment management company's stock worth $1,012,000 after purchasing an additional 6,310 shares in the last quarter. State of Wyoming purchased a new stake in shares of Gladstone Investment in the fourth quarter worth $105,000. Millennium Management LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter worth $411,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Gladstone Investment in the fourth quarter worth $234,000. 11.85% of the stock is owned by hedge funds and other institutional investors.
Gladstone Investment Company Profile
(
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.
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