Gladstone Investment (NASDAQ:GAIN) Stock Rating Lowered by StockNews.com

Gladstone Investment (NASDAQ:GAIN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, B. Riley reduced their price target on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.

Gladstone Investment Stock Up 0.4 %

Shares of GAIN stock opened at $14.18 on Tuesday. The stock has a market cap of $520.25 million, a price-to-earnings ratio of 5.72 and a beta of 1.33. The business’s fifty day moving average is $13.31 and its 200 day moving average is $13.77. Gladstone Investment has a twelve month low of $12.25 and a twelve month high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Monday, August 5th. 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 $22.18 million during the quarter, compared to analysts’ expectations of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts expect that Gladstone Investment will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors have recently modified their holdings of GAIN. Melia Wealth LLC purchased a new stake in shares of Gladstone Investment in the first quarter worth $13,455,000. Van ECK Associates Corp grew its stake in shares of 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 worth $10,023,000 after acquiring an additional 85,791 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Gladstone Investment by 6.6% in the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company’s stock worth $2,312,000 after acquiring an additional 10,018 shares during the last quarter. Garner Asset Management Corp grew its stake in shares of Gladstone Investment by 9.1% in the first quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock worth $588,000 after acquiring an additional 3,451 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gladstone Investment in the first quarter worth $198,000. 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.