Gladstone Investment Co. (GAIN) Declares $0.07 Monthly Dividend

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be given a dividend of 0.065 per share by the investment management company on Friday, March 30th. This represents a $0.78 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Monday, March 19th.

Gladstone Investment (GAIN) traded up $0.03 during mid-day trading on Wednesday, hitting $11.20. The stock had a trading volume of 181,600 shares, compared to its average volume of 211,183. The firm has a market capitalization of $361.37, a P/E ratio of 8.30 and a beta of 0.74. Gladstone Investment has a 1-year low of $8.45 and a 1-year high of $11.50.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. Gladstone Investment had a return on equity of 6.95% and a net margin of 80.07%. equities analysts anticipate that Gladstone Investment will post 0.71 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Gladstone Investment from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group increased their price objective on Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. ValuEngine raised Gladstone Investment from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 4th. Finally, Wedbush downgraded Gladstone Investment from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $10.50 to $11.00 in a report on Monday, November 20th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

In related news, Director Walter H. Wilkinson purchased 5,730 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average price of $10.84 per share, for a total transaction of $62,113.20. Following the completion of the purchase, the director now directly owns 14,416 shares of the company’s stock, valued at $156,269.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

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Gladstone Investment Company Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

Dividend History for Gladstone Investment (NASDAQ:GAIN)

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