Gladstone Investment (GAIN) Scheduled to Post Quarterly Earnings on Thursday

Gladstone Investment (NASDAQ:GAIN) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $22.18 million during the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts expect Gladstone Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Investment Stock Up 1.4 %

Shares of Gladstone Investment stock traded up $0.18 during trading on Tuesday, reaching $13.35. The company’s stock had a trading volume of 47,374 shares, compared to its average volume of 148,560. The business’s 50-day moving average price is $13.55 and its 200-day moving average price is $13.77. The firm has a market cap of $489.81 million, a PE ratio of 6.55 and a beta of 1.33. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.96.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Friday, December 20th. Gladstone Investment’s dividend payout ratio (DPR) is presently 47.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GAIN shares. B. Riley dropped their price target on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.