Gladstone Investment Co. (NASDAQ:GAIN) to Issue $0.08 Dividend

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be paid a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a yield of 7.2%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Down 0.3 %

Shares of NASDAQ:GAIN traded down $0.04 on Wednesday, reaching $13.33. The company had a trading volume of 95,597 shares, compared to its average volume of 125,407. The stock has a market capitalization of $489.08 million, a P/E ratio of 12.58 and a beta of 1.30. The stock has a 50-day moving average price of $13.35 and a 200 day moving average price of $13.49. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. The company had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.74 million. During the same quarter last year, the firm posted $0.24 earnings per share. On average, sell-side analysts predict that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on GAIN. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley lifted their price objective on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

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.