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

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

Gladstone Investment Price Performance

NASDAQ GAIN opened at $13.31 on Thursday. The company has a fifty day moving average price of $13.30 and a 200-day moving average price of $13.42. The firm has a market cap of $488.34 million, a price-to-earnings ratio of 12.56 and a beta of 1.30. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.85.

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 issued a dividend of $0.08 per share. This represents a yield of 7.18%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Investment’s dividend payout ratio is 90.57%.

Analyst Ratings Changes

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

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.