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

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Tuesday, January 21st,investing.com reports. Shareholders 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 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 tumble. Equities 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 Up 0.9 %

GAIN stock opened at $13.37 on Wednesday. The company’s fifty day simple moving average is $13.36 and its 200 day simple moving average is $13.49. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.85. The firm has a market cap of $490.55 million, a price-to-earnings ratio of 12.61 and a beta of 1.30.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on GAIN. 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 price target on shares of 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.