Gladstone Investment Co. to Issue Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Wednesday, January 22nd,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 7.2%. The ex-dividend date is Friday, January 24th.

Gladstone Investment has a dividend 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 decline. Equities research 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 Stock Down 0.3 %

Shares of NASDAQ GAIN traded down $0.04 during midday trading on Wednesday, hitting $13.33. The stock had a trading volume of 95,597 shares, compared to its average volume of 125,407. The company has a market capitalization of $489.08 million, a PE ratio of 12.58 and a beta of 1.30. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.85. The stock has a 50 day simple moving average of $13.35 and a 200-day simple moving average of $13.49.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.74 million. Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GAIN. 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 raised their target price on Gladstone Investment from $13.00 to $13.50 and gave the stock 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.