Gladstone Investment Co. (NASDAQ:GAIN) – Stock analysts at Wedbush issued their Q1 2018 earnings estimates for Gladstone Investment in a report issued on Tuesday. Wedbush analyst H. Coffey anticipates that the investment management company will earn $0.16 per share for the quarter. Wedbush currently has a “Outperform” rating and a $10.00 price objective on the stock. Wedbush also issued estimates for Gladstone Investment’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.73 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.75 EPS.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Monday, May 15th. The investment management company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.01. Gladstone Investment had a return on equity of 12.57% and a net margin of 74.88%. The business had revenue of $12.36 million for the quarter, compared to analysts’ expectations of $12.94 million.
Several other brokerages also recently weighed in on GAIN. Zacks Investment Research raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price target on shares of Gladstone Investment in a report on Friday, May 12th.
Gladstone Investment (NASDAQ GAIN) opened at 9.45 on Friday. The firm’s 50-day moving average is $9.29 and its 200-day moving average is $8.97. Gladstone Investment has a 52-week low of $7.00 and a 52-week high of $9.84. The stock has a market capitalization of $305.90 million, a price-to-earnings ratio of 6.39 and a beta of 0.71.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GAIN. Eagle Global Advisors LLC boosted its position in Gladstone Investment by 34.9% in the first quarter. Eagle Global Advisors LLC now owns 19,973 shares of the investment management company’s stock valued at $181,000 after buying an additional 5,170 shares during the last quarter. Mackenzie Financial Corp boosted its position in Gladstone Investment by 75.2% in the first quarter. Mackenzie Financial Corp now owns 28,025 shares of the investment management company’s stock valued at $254,000 after buying an additional 12,025 shares during the last quarter. Oxford Asset Management acquired a new position in Gladstone Investment during the first quarter valued at about $303,000. Goldman Sachs Group Inc. boosted its position in Gladstone Investment by 10.7% in the first quarter. Goldman Sachs Group Inc. now owns 39,927 shares of the investment management company’s stock valued at $362,000 after buying an additional 3,867 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Gladstone Investment by 7.3% in the first quarter. Wells Fargo & Company MN now owns 39,983 shares of the investment management company’s stock valued at $363,000 after buying an additional 2,731 shares during the last quarter. Hedge funds and other institutional investors own 19.39% of the company’s stock.
In other Gladstone Investment news, CEO David Gladstone acquired 24,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of $9.25 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the chief executive officer now owns 625,973 shares of the company’s stock, valued at approximately $5,790,250.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by company insiders.
The business also recently declared a special dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, June 1st. This is an increase from Gladstone Investment’s previous special dividend of $0.05. This represents a dividend yield of 8.26%. Gladstone Investment’s dividend payout ratio (DPR) is currently 51.33%.
Gladstone Investment Company Profile
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.
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