Gladstone Investment Co. (NASDAQ:GAIN) Announces Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Friday, January 24th,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.18%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

NASDAQ:GAIN traded down $0.01 during mid-day trading on Friday, hitting $13.37. The company had a trading volume of 111,911 shares, compared to its average volume of 122,534. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The firm has a market cap of $490.55 million, a P/E ratio of 12.61 and a beta of 1.30. The business’s fifty day moving average is $13.35 and its two-hundred day moving average is $13.49.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.74 million. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. During the same quarter in the prior year, the business earned $0.24 earnings per share. Equities analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley boosted their target price on Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th.

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.