Ladenburg Thalmann Financial Services upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat reports.

A number of other research firms have also issued reports on GAIN. Zacks Investment Research lowered Gladstone Investment from a buy rating to a hold rating in a report on Tuesday, January 9th. ValuEngine raised Gladstone Investment from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Wedbush lowered Gladstone Investment from an outperform rating to a neutral rating and lifted their target price for the stock from $10.50 to $11.00 in a report on Monday, November 20th. BidaskClub lowered Gladstone Investment from a strong-buy rating to a buy rating in a report on Tuesday, January 23rd. Finally, Jefferies Group lifted their target price on Gladstone Investment from $9.00 to $10.00 and gave the stock a hold rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $11.00.

Gladstone Investment (NASDAQ:GAIN) opened at $10.29 on Wednesday. The stock has a market capitalization of $334.69, a PE ratio of 13.72 and a beta of 0.54. Gladstone Investment has a fifty-two week low of $8.45 and a fifty-two week high of $11.50.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, February 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $16.18 million for the quarter, compared to analyst estimates of $13.42 million. Gladstone Investment had a return on equity of 7.46% and a net margin of 87.19%. research analysts predict that Gladstone Investment will post 0.75 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.78 dividend on an annualized basis and a yield of 7.58%. Gladstone Investment’s dividend payout ratio is currently 51.32%.

In related news, Director Walter H. Wilkinson purchased 5,730 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were purchased at an average price of $10.84 per share, with a total value of $62,113.20. Following the purchase, the director now owns 14,416 shares of the company’s stock, valued at approximately $156,269.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Gladstone Investment by 0.4% in the 2nd quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock worth $227,000 after purchasing an additional 106 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Gladstone Investment by 0.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after purchasing an additional 148 shares in the last quarter. Wells Fargo & Company MN increased its stake in Gladstone Investment by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 41,031 shares of the investment management company’s stock worth $386,000 after purchasing an additional 1,048 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Gladstone Investment by 10.7% in the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in Gladstone Investment by 13.1% in the 3rd quarter. Archford Capital Strategies LLC now owns 51,779 shares of the investment management company’s stock worth $491,000 after purchasing an additional 6,000 shares in the last quarter. 17.09% of the stock is currently owned by hedge funds and other institutional investors.

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Gladstone Investment Company Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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