Gladstone Investment Corporation (NASDAQ:GAIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, November 6th. The firm presently has a $12.00 price objective on the investment management company’s stock. Zacks Investment Research‘s price target points to a potential upside of 7.62% from the company’s previous close.
According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
GAIN has been the topic of several other reports. ValuEngine upgraded shares of Gladstone Investment Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 4th. Jefferies Group LLC boosted their price objective on shares of Gladstone Investment Corporation from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub lowered shares of Gladstone Investment Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $10.67.
Gladstone Investment Corporation (NASDAQ:GAIN) opened at $11.15 on Monday. Gladstone Investment Corporation has a fifty-two week low of $7.95 and a fifty-two week high of $11.17. The company has a market capitalization of $359.41, a price-to-earnings ratio of 16.06 and a beta of 0.73.
Gladstone Investment Corporation (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $13.13 million for the quarter, compared to analyst estimates of $12.22 million. Gladstone Investment Corporation had a net margin of 80.07% and a return on equity of 6.95%. analysts expect that Gladstone Investment Corporation will post 0.71 earnings per share for the current year.
Large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL increased its stake in Gladstone Investment Corporation by 10.7% during the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,152 shares during the period. Doyle Wealth Management purchased a new stake in Gladstone Investment Corporation during the third quarter worth about $113,000. Stratos Wealth Partners LTD. increased its stake in Gladstone Investment Corporation by 19.5% during the second quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock worth $137,000 after purchasing an additional 2,382 shares during the period. Crow Point Partners LLC purchased a new stake in Gladstone Investment Corporation during the second quarter worth about $140,000. Finally, Yellowstone Partners LLC purchased a new stake in Gladstone Investment Corporation during the third quarter worth about $162,000. Institutional investors own 17.72% of the company’s stock.
Gladstone Investment Corporation Company Profile
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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