Press coverage about Gladstone Investment (NASDAQ:GAIN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gladstone Investment earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 47.1071996506009 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Gladstone Investment Co. (GAIN) to Issue $0.07 Monthly Dividend (americanbankingnews.com)
- Gladstone Investment Co. Declares Monthly Dividend of $0.07 (GAIN) (americanbankingnews.com)
- Gladstone Investment Co. (GAIN) Plans Monthly Dividend of $0.07 (americanbankingnews.com)
- Gladstone Investment Announces Monthly Cash Distributions and Third Fiscal Quarter Earnings Release and … – GlobeNewswire (press release) (globenewswire.com)
- Zacks Investment Research Downgrades Gladstone Investment (GAIN) to Hold (americanbankingnews.com)
GAIN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, November 6th. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush lowered shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $10.50 to $11.00 in a research report on Monday, November 20th. Finally, Jefferies Group increased their target price on shares of Gladstone Investment from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.00.
Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $13.13 million during the quarter, compared to analyst estimates of $12.22 million. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. analysts anticipate that Gladstone Investment will post 0.71 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be given a $0.065 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.96%. Gladstone Investment’s dividend payout ratio (DPR) is currently 57.78%.
In other news, Director Walter H. Wilkinson acquired 5,730 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $62,113.20. Following the completion of the transaction, the director now owns 14,416 shares of the company’s stock, valued at $156,269.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.
About Gladstone Investment
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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