Gladstone Investment (NASDAQ:GAIN) Earns “Neutral” Rating from LADENBURG THALM/SH SH

Gladstone Investment (NASDAQ:GAIN)‘s stock had its “neutral” rating reaffirmed by research analysts at LADENBURG THALM/SH SH in a research report issued to clients and investors on Wednesday,Benzinga reports.

Gladstone Investment Stock Up 1.3%

NASDAQ GAIN opened at $14.49 on Wednesday. The stock’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.46. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $14.85. The company has a market capitalization of $533.77 million, a price-to-earnings ratio of 7.55 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $27.55 million for the quarter, compared to the consensus estimate of $24.96 million. Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. On average, equities analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Kentucky Trust Co purchased a new position in shares of Gladstone Investment in the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Gladstone Investment by 37,400.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock worth $40,000 after buying an additional 2,992 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Gladstone Investment in the first quarter worth about $71,000. State of Wyoming purchased a new position in shares of Gladstone Investment in the fourth quarter worth about $105,000. Finally, Realta Investment Advisors purchased a new position in shares of Gladstone Investment in the first quarter worth about $134,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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.