Gladstone Investment (NASDAQ:GAIN) Cut to Hold at BidaskClub

BidaskClub cut shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a hold rating in a report released on Friday, BidAskClub reports.

Several other analysts have also commented on the company. LADENBURG THALM/SH SH lowered Gladstone Investment from a buy rating to a neutral rating in a report on Wednesday, May 15th. Zacks Investment Research lowered Gladstone Investment from a buy rating to a hold rating in a report on Wednesday, April 10th. Finally, ValuEngine lowered Gladstone Investment from a buy rating to a hold rating in a report on Friday.

Shares of GAIN opened at $11.34 on Friday. Gladstone Investment has a 12 month low of $8.70 and a 12 month high of $12.70. The company has a market capitalization of $372.20 million, a price-to-earnings ratio of 14.73 and a beta of 0.88.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $13.93 million. Equities research analysts anticipate that Gladstone Investment will post 0.81 EPS for the current year.

The firm also recently disclosed a special dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th were issued a $0.09 dividend. This is a positive change from Gladstone Investment’s previous special dividend of $0.06. This represents a yield of 6.64%. The ex-dividend date was Tuesday, June 4th. Gladstone Investment’s dividend payout ratio (DPR) is presently 106.49%.

Several large investors have recently modified their holdings of the company. PFG Advisors acquired a new stake in shares of Gladstone Investment in the fourth quarter worth approximately $2,424,000. Legal & General Group Plc boosted its stake in shares of Gladstone Investment by 16.4% in the fourth quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock worth $1,384,000 after acquiring an additional 20,863 shares during the last quarter. Global Strategic Management Inc. acquired a new stake in shares of Gladstone Investment in the fourth quarter worth approximately $1,258,000. Marshall Wace LLP acquired a new stake in shares of Gladstone Investment in the first quarter worth approximately $802,000. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Gladstone Investment by 4.8% in the first quarter. Stratos Wealth Partners LTD. now owns 34,907 shares of the investment management company’s stock worth $405,000 after acquiring an additional 1,600 shares during the last quarter. 12.24% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, 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.

Further Reading: The mechanics of the bid-ask spread in trading

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