Gladstone Investment Corporation (NASDAQ:GAIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, September 11th.
According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
A number of other research analysts also recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $9.00 price objective on shares of Gladstone Investment Corporation in a research note on Friday, July 14th. ValuEngine raised shares of Gladstone Investment Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Wedbush began coverage on shares of Gladstone Investment Corporation in a report on Wednesday, June 14th. They set an “outperform” rating and a $10.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Gladstone Investment Corporation has an average rating of “Hold” and a consensus price target of $9.50.
Gladstone Investment Corporation (NASDAQ:GAIN) opened at 9.25 on Monday. The stock’s 50 day moving average price is $9.37 and its 200-day moving average price is $9.28. Gladstone Investment Corporation has a 12 month low of $7.16 and a 12 month high of $9.84.
Gladstone Investment Corporation (NASDAQ:GAIN) last announced its earnings results on Tuesday, August 1st. The investment management company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. Gladstone Investment Corporation had a net margin of 55.52% and a return on equity of 6.95%. The business had revenue of $13.62 million during the quarter, compared to the consensus estimate of $13.01 million. Equities research analysts predict that Gladstone Investment Corporation will post $0.70 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in shares of Gladstone Investment Corporation by 21.9% in the 1st quarter. UBS Group AG now owns 746,477 shares of the investment management company’s stock worth $6,770,000 after acquiring an additional 134,165 shares during the period. LSV Asset Management increased its stake in Gladstone Investment Corporation by 1.1% during the 2nd quarter. LSV Asset Management now owns 501,916 shares of the investment management company’s stock valued at $4,718,000 after buying an additional 5,417 shares during the period. Bank of Montreal Can acquired a new position in Gladstone Investment Corporation during the 2nd quarter valued at about $3,422,000. Van ECK Associates Corp increased its stake in Gladstone Investment Corporation by 21.3% during the 2nd quarter. Van ECK Associates Corp now owns 280,855 shares of the investment management company’s stock valued at $2,640,000 after buying an additional 49,373 shares during the period. Finally, Outfitter Advisors LTD. increased its stake in Gladstone Investment Corporation by 1.2% during the 2nd quarter. Outfitter Advisors LTD. now owns 246,265 shares of the investment management company’s stock valued at $2,315,000 after buying an additional 2,800 shares during the period. 18.09% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Investment Corporation 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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