Gladstone Investment (NASDAQ:GAIN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gladstone Investment Co. (NASDAQ:GAIN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.47 and traded as high as $13.63. Gladstone Investment shares last traded at $13.49, with a volume of 73,340 shares changing hands.

Analyst Upgrades and Downgrades

GAIN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley boosted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th.

Gladstone Investment Stock Down 1.5 %

The stock has a 50-day moving average of $13.38 and a 200 day moving average of $13.47. The stock has a market cap of $496.93 million, a PE ratio of 7.03 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, equities analysts anticipate that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were issued 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 (DPR) is presently 50.00%.

Institutional Trading of Gladstone Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kentucky Trust Co purchased a new stake in Gladstone Investment in the 4th quarter worth approximately $26,000. State of Wyoming purchased a new stake in Gladstone Investment during the fourth quarter worth $105,000. Cornerstone Wealth Management LLC acquired a new stake in Gladstone Investment during the fourth quarter valued at $136,000. Aquatic Capital Management LLC purchased a new position in Gladstone Investment in the fourth quarter valued at $173,000. Finally, Centiva Capital LP acquired a new position in shares of Gladstone Investment in the third quarter worth about $192,000. 11.85% of the stock is 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.