Gladstone Investment (NASDAQ:GAIN) Stock Price Up 20.5%

Gladstone Investment Co. (NASDAQ:GAIN) shares rose 20.5% during trading on Wednesday . The company traded as high as $7.48 and last traded at $8.70, approximately 21,605 shares were traded during mid-day trading. A decline of 95% from the average daily volume of 456,340 shares. The stock had previously closed at $7.22.

GAIN has been the topic of a number of analyst reports. ValuEngine raised Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, February 10th. Wedbush cut Gladstone Investment from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $13.75 to $14.00 in a research report on Thursday, February 6th. BidaskClub cut Gladstone Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Finally, National Securities assumed coverage on shares of Gladstone Investment in a report on Thursday, March 5th. They issued a “neutral” rating and a $11.50 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Gladstone Investment currently has a consensus rating of “Hold” and an average price target of $13.50.

The company has a market capitalization of $276.79 million, a PE ratio of 8.49 and a beta of 0.91. The business’s fifty day moving average is $11.46 and its two-hundred day moving average is $12.86.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Gladstone Investment had a return on equity of 7.16% and a net margin of 49.63%. The firm had revenue of $16.00 million during the quarter, compared to analysts’ expectations of $14.08 million. As a group, equities research analysts predict that Gladstone Investment Co. will post 0.91 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were issued a $0.07 dividend. This is a positive change from Gladstone Investment’s previous dividend of $0.07. The ex-dividend date of this dividend was Tuesday, February 18th. Gladstone Investment’s payout ratio is presently 109.09%.

In other news, President David A. R. Dullum acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $10.49 per share, for a total transaction of $104,900.00. Following the acquisition, the president now directly owns 110,916 shares in the company, valued at $1,163,508.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President David A. R. Dullum acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $7.96 per share, with a total value of $63,680.00. Over the last 90 days, insiders purchased 26,500 shares of company stock valued at $234,735. 2.56% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC raised its holdings in Gladstone Investment by 7.2% in the 4th quarter. Belpointe Asset Management LLC now owns 12,659 shares of the investment management company’s stock worth $168,000 after acquiring an additional 850 shares during the last quarter. Sofos Investments Inc. raised its stake in Gladstone Investment by 41.8% during the 4th quarter. Sofos Investments Inc. now owns 3,826 shares of the investment management company’s stock valued at $51,000 after buying an additional 1,128 shares during the last quarter. California Public Employees Retirement System raised its stake in Gladstone Investment by 2.8% during the 4th quarter. California Public Employees Retirement System now owns 95,000 shares of the investment management company’s stock valued at $1,259,000 after buying an additional 2,600 shares during the last quarter. Bank of America Corp DE raised its stake in Gladstone Investment by 6.5% during the 4th quarter. Bank of America Corp DE now owns 50,835 shares of the investment management company’s stock valued at $674,000 after buying an additional 3,121 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Gladstone Investment by 25.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,589 shares of the investment management company’s stock valued at $246,000 after buying an additional 3,819 shares during the last quarter. Institutional investors own 16.59% of the company’s stock.

About Gladstone Investment (NASDAQ:GAIN)

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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