Gladstone Investment (NASDAQ:GAIN) Price Target Raised to $13.50

Gladstone Investment (NASDAQ:GAIN) had its target price boosted by stock analysts at B. Riley from $13.00 to $13.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the investment management company’s stock. B. Riley’s price target suggests a potential upside of 1.12% from the stock’s previous close.

Separately, StockNews.com downgraded shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th.

Gladstone Investment Stock Performance

Gladstone Investment stock opened at $13.35 on Monday. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.96. The stock has a market cap of $489.81 million, a P/E ratio of 12.59 and a beta of 1.33. The firm’s fifty day moving average price is $13.61 and its 200-day moving average price is $13.75.

Hedge Funds Weigh In On Gladstone Investment

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in shares of Gladstone Investment by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock valued at $2,304,000 after acquiring an additional 17,209 shares during the period. United Advisor Group LLC raised its position in Gladstone Investment by 1.9% during the 3rd quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock valued at $1,013,000 after purchasing an additional 1,281 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Gladstone Investment by 6.2% in the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after buying an additional 52,594 shares during the period. International Assets Investment Management LLC grew its position in shares of Gladstone Investment by 1,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after buying an additional 29,456 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Gladstone Investment by 6.9% during the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock valued at $358,000 after buying an additional 1,609 shares during the period. 11.85% of the stock is owned by hedge funds and other institutional investors.

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.