Wall Street analysts expect Gladstone Investment Co. (NASDAQ:GAIN) to post earnings of $0.20 per share for the current quarter, Zacks reports. Three analysts have made estimates for Gladstone Investment’s earnings. Gladstone Investment reported earnings of $0.21 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The firm is expected to report its next earnings results on Tuesday, May 21st.
On average, analysts expect that Gladstone Investment will report full year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.26. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.73 to $0.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, February 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Gladstone Investment had a net margin of 171.29% and a return on equity of 6.42%. The company had revenue of $14.97 million during the quarter, compared to analysts’ expectations of $14.24 million.
NASDAQ GAIN traded up $0.03 during trading hours on Thursday, hitting $11.76. 101,549 shares of the company’s stock traded hands, compared to its average volume of 141,645. Gladstone Investment has a 52-week low of $8.70 and a 52-week high of $12.26. The stock has a market cap of $384.98 million, a PE ratio of 14.34 and a beta of 0.79.
The company also recently declared a monthly dividend, which was paid on Thursday, February 28th. Stockholders of record on Wednesday, February 20th were paid a $0.068 dividend. The ex-dividend date was Tuesday, February 19th. This represents a $0.82 annualized dividend and a dividend yield of 6.94%. Gladstone Investment’s dividend payout ratio (DPR) is 100.00%.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Gladstone Investment by 8.1% in the 3rd quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock valued at $1,800,000 after buying an additional 11,768 shares during the period. Eagle Global Advisors LLC grew its stake in shares of Gladstone Investment by 79.4% in the 4th quarter. Eagle Global Advisors LLC now owns 36,150 shares of the investment management company’s stock valued at $337,000 after buying an additional 16,000 shares during the period. Advisory Research Inc. purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $574,000. Creative Planning grew its stake in shares of Gladstone Investment by 101.1% in the 3rd quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock valued at $230,000 after buying an additional 10,105 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Gladstone Investment by 5.5% in the 3rd quarter. Legal & General Group Plc now owns 127,514 shares of the investment management company’s stock valued at $1,459,000 after buying an additional 6,693 shares during the period. 12.71% of the stock is owned by institutional investors and hedge funds.
About Gladstone Investment
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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