Media stories about Gladstone Investment (NASDAQ:GAIN) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gladstone Investment earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 45.8551696568279 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research analysts have weighed in on GAIN shares. BidaskClub raised shares of Gladstone Investment from a “hold” rating to a “buy” rating in a report on Wednesday, May 23rd. Zacks Investment Research raised shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, May 18th. Finally, ValuEngine cut shares of Gladstone Investment from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $11.33.
Get Gladstone Investment alerts:Shares of Gladstone Investment traded down $0.13, hitting $11.92, during mid-day trading on Friday, according to MarketBeat.com. 117,477 shares of the company’s stock were exchanged, compared to its average volume of 189,390. Gladstone Investment has a 52 week low of $9.00 and a 52 week high of $12.26. The stock has a market capitalization of $390.26 million, a PE ratio of 14.54 and a beta of 0.53.
Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, May 15th. The investment management company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Gladstone Investment had a net margin of 104.00% and a return on equity of 7.64%. The company had revenue of $15.42 million for the quarter, compared to analysts’ expectations of $13.88 million. sell-side analysts forecast that Gladstone Investment will post 0.79 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Friday, June 15th. Stockholders of record on Wednesday, June 6th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 5th. This represents a dividend yield of 7.69%. Gladstone Investment’s dividend payout ratio is presently 97.56%.
About Gladstone Investment
Gladstone Investment Corporation is a business development company specializing in buyouts; recapitalizations; 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.
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