Gladstone Investment Co. (GAIN) to Issue Dividend of $0.08 on January 31st

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 fall. 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 Price Performance

Shares of Gladstone Investment stock opened at $13.37 on Wednesday. The firm has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $13.49. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The firm has a market cap of $490.55 million, a P/E ratio of 12.61 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate 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 firm posted $0.24 earnings per share. On average, sell-side analysts expect that Gladstone Investment will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley lifted 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.