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

Gladstone Investment (NASDAQ:GAIN) posted its quarterly earnings results on Monday. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01), Yahoo Finance reports. Gladstone Investment had a return on equity of 7.33% and a net margin of 97.71%. The firm had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. During the same period last year, the company posted $0.25 earnings per share.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $12.85 on Wednesday. The stock has a market cap of $471.45 million, a PE ratio of 5.06 and a beta of 1.32. The firm has a 50-day moving average of $13.99 and a 200-day moving average of $14.05. Gladstone Investment has a 52-week low of $12.14 and a 52-week high of $14.96.

Gladstone Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.96 annualized dividend and a dividend yield of 7.47%. Gladstone Investment’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

Several research firms have recently weighed in on GAIN. LADENBURG THALM/SH SH restated a “neutral” rating and set a $14.00 price objective on shares of Gladstone Investment in a research note on Thursday, May 9th. B. Riley reissued a “neutral” rating and set a $14.00 price target (up previously from $13.50) on shares of Gladstone Investment in a research report on Friday, May 10th.

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.