Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, April 11th, Wall Street Journal reports. Stockholders of record on Wednesday, June 20th will be given a dividend of 0.067 per share by the investment management company on Friday, June 29th. This represents a $0.80 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Tuesday, June 19th.
Gladstone Investment stock opened at $10.46 on Thursday. The company has a market capitalization of $335.35, a PE ratio of 13.75 and a beta of 0.53. Gladstone Investment has a twelve month low of $9.00 and a twelve month high of $11.50.
Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, February 6th. The investment management company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $16.18 million for the quarter, compared to analyst estimates of $13.42 million. Gladstone Investment had a net margin of 87.19% and a return on equity of 7.46%. sell-side analysts expect that Gladstone Investment will post 0.77 EPS for the current fiscal year.
A number of brokerages have recently commented on GAIN. Zacks Investment Research lowered shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Wedbush raised shares of Gladstone Investment from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $9.56 to $11.00 in a research report on Tuesday, March 6th. ValuEngine raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Ladenburg Thalmann raised shares of Gladstone Investment from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $10.67.
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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