Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Gladstone Investment Co. (NASDAQ:GAIN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.78 and traded as high as $14.06. Gladstone Investment shares last traded at $13.97, with a volume of 110,209 shares changing hands.

Analyst Ratings Changes

GAIN has been the topic of several research reports. B. Riley reduced 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 report on Wednesday, August 7th. StockNews.com downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th.

Gladstone Investment Stock Performance

The company’s 50-day moving average is $13.44 and its 200-day moving average is $13.78. The firm has a market cap of $512.55 million, a price-to-earnings ratio of 5.63 and a beta of 1.33.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $22.18 million for 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 quarter last year, the company earned $0.25 EPS. On average, analysts predict that Gladstone Investment Co. will post 1 EPS for the current year.

Gladstone Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 annualized dividend and a yield of 6.87%. Gladstone Investment’s dividend payout ratio is currently 38.71%.

Institutional Trading of Gladstone Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAIN. Drive Wealth Management LLC bought a new stake in Gladstone Investment during the 2nd quarter worth about $174,000. Virtu Financial LLC bought a new stake in Gladstone Investment during the 1st quarter worth about $198,000. Private Advisor Group LLC raised its holdings in Gladstone Investment by 6.9% during the 3rd quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after purchasing an additional 1,609 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Gladstone Investment by 1,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after purchasing an additional 29,456 shares during the last quarter. Finally, Garner Asset Management Corp raised its holdings in Gladstone Investment by 9.1% during the 1st quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock worth $588,000 after purchasing an additional 3,451 shares during the last quarter. 11.85% of the stock is owned by institutional investors.

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.