Gladstone Investment (NASDAQ:GAIN) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Gladstone Investment (NASDAQ:GAIN) announced its quarterly earnings results on Wednesday. The investment management company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Zacks reports. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%.

Gladstone Investment Stock Down 1.3 %

Shares of NASDAQ GAIN opened at $13.31 on Thursday. The company has a market capitalization of $488.34 million, a PE ratio of 12.56 and a beta of 1.30. The firm has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $13.42. Gladstone Investment has a twelve month low of $12.46 and a twelve month high of $14.85.

Gladstone Investment Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.08 per share. This represents a dividend yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s dividend payout ratio (DPR) is presently 90.57%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GAIN shares. B. Riley boosted their price target on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

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.