Gladstone Investment Co. (GAIN) Forecasted to Post Q3 2019 Earnings of $0.17 Per Share

Gladstone Investment Co. (NASDAQ:GAIN) – Equities researchers at Jefferies Financial Group reduced their Q3 2019 earnings per share estimates for Gladstone Investment in a note issued to investors on Tuesday, November 13th. Jefferies Financial Group analyst K. Joseph now anticipates that the investment management company will earn $0.17 per share for the quarter, down from their previous forecast of $0.20. Jefferies Financial Group also issued estimates for Gladstone Investment’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.18 EPS, Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.19 EPS and FY2020 earnings at $0.75 EPS.

Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Gladstone Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, ValuEngine downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

GAIN opened at $9.80 on Wednesday. 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 $324.29 million, a price-to-earnings ratio of 11.95 and a beta of 0.64.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Monday, November 5th. The investment management company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.32). Gladstone Investment had a net margin of 168.91% and a return on equity of 6.58%. The company had revenue of $13.09 million during the quarter, compared to the consensus estimate of $15.37 million.

The firm also recently announced a dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, November 19th. Gladstone Investment’s payout ratio is presently 100.00%.

In other Gladstone Investment news, President David A. R. Dullum bought 5,600 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $9.94 per share, with a total value of $55,664.00. Following the completion of the transaction, the president now directly owns 91,816 shares in the company, valued at approximately $912,651.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.51% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Gladstone Investment by 4.2% during the second quarter. Legal & General Group Plc now owns 120,821 shares of the investment management company’s stock worth $1,423,000 after acquiring an additional 4,889 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Gladstone Investment by 2.6% during the second quarter. Van ECK Associates Corp now owns 246,616 shares of the investment management company’s stock worth $2,903,000 after acquiring an additional 6,266 shares in the last quarter. Raymond James & Associates increased its position in shares of Gladstone Investment by 43.6% during the second quarter. Raymond James & Associates now owns 22,017 shares of the investment management company’s stock worth $259,000 after acquiring an additional 6,686 shares in the last quarter. Royal Bank of Canada increased its position in shares of Gladstone Investment by 24.1% during the first quarter. Royal Bank of Canada now owns 36,272 shares of the investment management company’s stock worth $366,000 after acquiring an additional 7,054 shares in the last quarter. Finally, Creative Planning increased its position in shares of Gladstone Investment by 101.1% during the third quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock worth $230,000 after acquiring an additional 10,105 shares in the last quarter. 14.51% of the stock is owned by 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.

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Earnings History and Estimates for Gladstone Investment (NASDAQ:GAIN)

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