Analysts predict that Gladstone Investment Co. (NASDAQ:GAIN) will report $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Gladstone Investment’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. Gladstone Investment reported earnings of $0.23 per share in the same quarter last year, which indicates a negative year over year growth rate of 21.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that Gladstone Investment will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.65. For the next fiscal year, analysts expect that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.71 to $0.80. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, November 5th. The investment management company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.32). Gladstone Investment had a return on equity of 6.58% and a net margin of 168.91%. The business had revenue of $13.09 million during the quarter, compared to the consensus estimate of $15.37 million.
In other Gladstone Investment news, President David A. R. Dullum purchased 5,600 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average price of $9.94 per share, for a total transaction of $55,664.00. Following the purchase, the president now directly owns 91,816 shares in the company, valued at $912,651.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.51% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC boosted its holdings in shares of Gladstone Investment by 1,089.4% during the 2nd 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 during the last quarter. Millennium Management LLC lifted 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 valued at $2,588,000 after acquiring an additional 150,774 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Gladstone Investment by 2.6% in the second quarter. Van ECK Associates Corp now owns 246,616 shares of the investment management company’s stock valued at $2,903,000 after acquiring an additional 6,266 shares during the last quarter. BlackRock Inc. lifted its holdings in Gladstone Investment by 8.1% in the third quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock valued at $1,800,000 after acquiring an additional 11,768 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Gladstone Investment by 4.2% in the second quarter. Legal & General Group Plc now owns 120,821 shares of the investment management company’s stock valued at $1,423,000 after acquiring an additional 4,889 shares during the last quarter. Institutional investors own 14.51% of the company’s stock.
Gladstone Investment stock traded down $0.03 during midday trading on Monday, reaching $9.79. 24,081 shares of the stock traded hands, compared to its average volume of 178,619. Gladstone Investment has a 12 month low of $9.00 and a 12 month high of $12.26. The firm has a market cap of $324.29 million, a PE ratio of 11.94 and a beta of 0.64.
The business also recently disclosed a dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.068 per share. The ex-dividend date of this dividend is Monday, November 19th. Gladstone Investment’s payout ratio is currently 100.00%.
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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