Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by StockNews.com

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

Separately, B. Riley dropped their price objective on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

Gladstone Investment Trading Up 1.3 %

Shares of NASDAQ GAIN opened at $14.00 on Tuesday. The firm has a market cap of $513.65 million, a P/E ratio of 5.65 and a beta of 1.33. The business’s 50 day moving average is $13.25 and its 200-day moving average is $13.77. Gladstone Investment has a 1-year low of $12.14 and a 1-year high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 previous year, the business earned $0.25 EPS. Analysts forecast that Gladstone Investment will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently bought and sold shares of the company. Melia Wealth LLC acquired a new position in shares of Gladstone Investment in the 1st quarter valued at approximately $13,455,000. Van ECK Associates Corp increased its stake in Gladstone Investment by 20.0% in the second quarter. Van ECK Associates Corp now owns 845,074 shares of the investment management company’s stock valued at $11,814,000 after acquiring an additional 140,723 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in Gladstone Investment during the second quarter valued at approximately $1,425,000. United Advisor Group LLC acquired a new position in Gladstone Investment during the fourth quarter valued at approximately $502,000. Finally, Virtu Financial LLC bought a new stake in Gladstone Investment during the first quarter worth $198,000. Institutional investors own 11.85% of the company’s stock.

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.