Gladstone Investment (NASDAQ:GAIN) Shares Pass Above 200-Day Moving Average – Here’s Why

Gladstone Investment Co. (NASDAQ:GAIN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.47 and traded as high as $13.63. Gladstone Investment shares last traded at $13.49, with a volume of 73,340 shares trading hands.

Wall Street Analysts Forecast Growth

GAIN has been the subject of several recent analyst reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley boosted their target price on shares of 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 Price Performance

The stock has a market capitalization of $496.93 million, a price-to-earnings ratio of 7.03 and a beta of 1.30. The stock has a 50 day moving average price of $13.38 and a 200-day moving average price of $13.47.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, research analysts forecast that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a $0.08 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 7.18%. Gladstone Investment’s payout ratio is 50.00%.

Institutional Inflows and Outflows

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

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.