StockNews.com Downgrades Gladstone Investment (NASDAQ:GAIN) to Sell

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

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

Gladstone Investment Stock Performance

Shares of GAIN stock traded up $0.11 during midday trading on Tuesday, hitting $13.82. 176,436 shares of the company were exchanged, compared to its average volume of 142,752. Gladstone Investment has a 52 week low of $12.14 and a 52 week high of $14.96. The firm has a market capitalization of $507.04 million, a P/E ratio of 5.57 and a beta of 1.33. The firm’s 50 day moving average price is $13.26 and its two-hundred day moving average price is $13.77.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. During the same quarter in the prior year, the firm earned $0.25 EPS. Analysts expect that Gladstone Investment will post 0.99 EPS for the current 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 position in Gladstone Investment in the fourth quarter valued at about $84,000. Creekmur Asset Management LLC bought a new position in Gladstone Investment in the fourth quarter valued at approximately $105,000. Trexquant Investment LP acquired a new position in Gladstone Investment during the fourth quarter valued at approximately $151,000. Drive Wealth Management LLC bought a new stake in Gladstone Investment during the second quarter worth $174,000. Finally, Virtu Financial LLC bought a new position in shares of Gladstone Investment in the 1st quarter valued at $198,000. 11.85% of the stock is currently owned by institutional investors and hedge funds.

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.