LADENBURG THALM/SH SH downgraded shares of Gladstone Investment (NASDAQ:GAIN) from a buy rating to a neutral rating in a research note published on Wednesday morning, BenzingaRatingsTable reports.

GAIN has been the subject of several other reports. Zacks Investment Research raised shares of Gladstone Investment from a sell rating to a hold rating in a research note on Tuesday, January 15th. BidaskClub raised shares of Gladstone Investment from a buy rating to a strong-buy rating in a research note on Wednesday, February 13th.

Shares of GAIN traded up $0.11 during mid-day trading on Wednesday, reaching $11.69. 3,164 shares of the company’s stock were exchanged, compared to its average volume of 140,839. Gladstone Investment has a 52-week low of $8.70 and a 52-week high of $12.70. The stock has a market cap of $395.18 million, a price-to-earnings ratio of 15.14 and a beta of 0.81.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $13.93 million. Gladstone Investment had a net margin of 136.75% and a return on equity of 6.41%. On average, equities analysts expect that Gladstone Investment will post 0.8 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be issued a $0.09 dividend. This represents a dividend yield of 6.64%. The ex-dividend date of this dividend is Tuesday, June 4th. This is a positive change from Gladstone Investment’s previous special dividend of $0.06. Gladstone Investment’s dividend payout ratio (DPR) is 106.49%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. lifted its holdings in shares of Gladstone Investment by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 34,907 shares of the investment management company’s stock valued at $405,000 after acquiring an additional 1,600 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Gladstone Investment by 8.2% during the 1st quarter. Wells Fargo & Company MN now owns 31,751 shares of the investment management company’s stock valued at $368,000 after acquiring an additional 2,399 shares in the last quarter. Claybrook Capital LLC acquired a new position in shares of Gladstone Investment during the 4th quarter valued at $26,000. Morgan Stanley lifted its holdings in shares of Gladstone Investment by 3.3% during the 1st quarter. Morgan Stanley now owns 95,002 shares of the investment management company’s stock valued at $1,103,000 after acquiring an additional 2,994 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Gladstone Investment by 123.8% during the 4th quarter. IFP Advisors Inc now owns 5,473 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 3,028 shares in the last quarter. Institutional investors own 12.80% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.

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