Gladstone Investment (NASDAQ:GAIN) Rating Lowered to Sell at 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 to investors on Tuesday.

Separately, B. Riley lowered their price objective on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Gladstone Investment Trading Up 1.3 %

GAIN stock opened at $14.00 on Tuesday. The stock has a 50-day moving average price of $13.25 and a two-hundred day moving average price of $13.77. Gladstone Investment has a 1 year low of $12.14 and a 1 year high of $14.96. The stock has a market cap of $513.65 million, a PE ratio of 5.65 and a beta of 1.33.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted $0.25 earnings per share. On average, analysts forecast that Gladstone Investment will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Melia Wealth LLC acquired a new stake in shares of Gladstone Investment in the 1st quarter valued at approximately $13,455,000. Van ECK Associates Corp lifted its stake in Gladstone Investment by 13.9% in the first quarter. Van ECK Associates Corp now owns 704,351 shares of the investment management company’s stock valued at $10,023,000 after acquiring an additional 85,791 shares during the last quarter. Quarry LP bought a new position in shares of Gladstone Investment in the 4th quarter valued at about $84,000. Virtu Financial LLC acquired a new position in shares of Gladstone Investment during the 1st quarter worth about $198,000. Finally, United Advisor Group LLC bought a new stake in shares of Gladstone Investment in the 4th quarter valued at about $502,000. Institutional investors and hedge funds 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.