Gladstone Investment (NASDAQ:GAIN) Announces Earnings Results, Misses Estimates By $0.01 EPS

Gladstone Investment (NASDAQ:GAIN) announced its earnings results on Wednesday. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01), Zacks reports. Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%.

Gladstone Investment Price Performance

Shares of GAIN traded up $0.06 on Friday, reaching $13.90. 63,498 shares of the stock traded hands, compared to its average volume of 115,622. The firm has a market cap of $509.81 million, a price-to-earnings ratio of 13.11 and a beta of 1.30. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.85. The stock’s 50-day moving average price is $13.30 and its 200-day moving average price is $13.42.

Gladstone Investment Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.08 dividend. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment’s dividend payout ratio is currently 90.57%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GAIN shares. B. Riley raised their price target on Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, November 11th. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a report 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.