Zacks: Brokerages Expect Gladstone Investment Co. (GAIN) Will Post Quarterly Sales of $15.37 Million

Analysts expect that Gladstone Investment Co. (NASDAQ:GAIN) will post sales of $15.37 million for the current quarter, Zacks reports. Three analysts have made estimates for Gladstone Investment’s earnings, with the highest sales estimate coming in at $15.77 million and the lowest estimate coming in at $15.06 million. Gladstone Investment posted sales of $13.13 million during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that Gladstone Investment will report full-year sales of $62.25 million for the current financial year, with estimates ranging from $61.22 million to $64.15 million. For the next fiscal year, analysts anticipate that the firm will report sales of $65.93 million per share, with estimates ranging from $65.21 million to $66.65 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Gladstone Investment.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Wednesday, August 1st. The investment management company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $15.50 million for the quarter, compared to analysts’ expectations of $15.16 million. Gladstone Investment had a return on equity of 7.64% and a net margin of 140.89%.

Several analysts have issued reports on GAIN shares. BidaskClub raised shares of Gladstone Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. Zacks Investment Research downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.33.

NASDAQ GAIN opened at $11.70 on Friday. Gladstone Investment has a 1 year low of $9.00 and a 1 year high of $12.26. The firm has a market capitalization of $383.70 million, a price-to-earnings ratio of 14.26 and a beta of 0.53.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 19th will be issued a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Tuesday, September 18th. Gladstone Investment’s dividend payout ratio is presently 97.56%.

A number of large investors have recently modified their holdings of GAIN. Cornerstone Wealth Management LLC boosted its holdings in Gladstone Investment by 1,089.4% in the second quarter. Cornerstone Wealth Management LLC now owns 631,424 shares of the investment management company’s stock worth $53,150,000 after purchasing an additional 578,338 shares in the last quarter. Millennium Management LLC boosted its holdings in Gladstone Investment by 143.0% in the first quarter. Millennium Management LLC now owns 256,230 shares of the investment management company’s stock worth $2,588,000 after purchasing an additional 150,774 shares in the last quarter. LPL Financial LLC boosted its holdings in Gladstone Investment by 103.9% in the first quarter. LPL Financial LLC now owns 141,409 shares of the investment management company’s stock worth $1,428,000 after purchasing an additional 72,060 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Gladstone Investment by 353.7% in the first quarter. JPMorgan Chase & Co. now owns 89,187 shares of the investment management company’s stock worth $901,000 after purchasing an additional 69,529 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Gladstone Investment in the first quarter worth $195,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a business development company specializing in buyouts; recapitalizations; 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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Earnings History and Estimates for Gladstone Investment (NASDAQ:GAIN)

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