Gladstone Investment (NASDAQ:GAIN) Stock Rating Upgraded by StockNews.com

Gladstone Investment (NASDAQ:GAIN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, B. Riley decreased their price target on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Gladstone Investment Price Performance

Shares of Gladstone Investment stock opened at $13.44 on Monday. The business has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.78. The company has a market capitalization of $493.10 million, a P/E ratio of 5.42 and a beta of 1.33. Gladstone Investment has a 1 year low of $12.25 and a 1 year high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.18 million during the quarter, compared to analyst estimates of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. During the same period last year, the firm earned $0.25 earnings per share. As a group, research analysts expect that Gladstone Investment will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Gladstone Investment in the 4th quarter worth about $84,000. Creekmur Asset Management LLC purchased a new stake in Gladstone Investment in the fourth quarter valued at approximately $105,000. Drive Wealth Management LLC purchased a new stake in Gladstone Investment in the second quarter valued at approximately $174,000. Virtu Financial LLC acquired a new position in Gladstone Investment during the first quarter worth approximately $198,000. Finally, United Advisor Group LLC purchased a new position in Gladstone Investment during the fourth quarter worth approximately $502,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Company Profile

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.