Gladstone Investment (GAIN) Posts Earnings Results, Beats Estimates By $0.05 EPS

Gladstone Investment (NASDAQ:GAIN) issued its quarterly earnings data on Tuesday. The investment management company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05, Bloomberg Earnings reports. The firm had revenue of $16.18 million during the quarter, compared to analysts’ expectations of $13.42 million. Gladstone Investment had a return on equity of 7.58% and a net margin of 87.19%.

Gladstone Investment (NASDAQ:GAIN) traded down $0.03 during trading hours on Thursday, reaching $10.39. The company’s stock had a trading volume of 131,262 shares, compared to its average volume of 278,982. Gladstone Investment has a 12 month low of $8.45 and a 12 month high of $11.50. The stock has a market capitalization of $305.75, a P/E ratio of 6.86 and a beta of 0.54.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be given a dividend of $0.065 per share. The ex-dividend date is Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a yield of 7.51%. Gladstone Investment’s payout ratio is 51.32%.

A number of equities research analysts recently weighed in on GAIN shares. Jefferies Group upped their price objective on Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 4th. Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Monday, November 6th. Wedbush cut Gladstone Investment from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $10.50 to $11.00 in a research note on Monday, November 20th. Finally, BidaskClub lowered Gladstone Investment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Gladstone Investment has an average rating of “Buy” and a consensus target price of $11.00.

In other news, Director Walter H. Wilkinson acquired 5,730 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average cost of $10.84 per share, with a total value of $62,113.20. Following the completion of the purchase, the director now owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.

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About Gladstone Investment

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.

Earnings History for Gladstone Investment (NASDAQ:GAIN)

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