Gladstone Investment Co. (NASDAQ:GAIN) Announces $0.08 Dividend

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Thursday, January 23rd,investing.com reports. Stockholders 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 dividend yield of 7.17%. The ex-dividend date of this dividend 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 tumble. 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 Trading Up 0.4 %

Shares of NASDAQ GAIN traded up $0.05 during midday trading on Thursday, reaching $13.38. The company’s stock had a trading volume of 95,286 shares, compared to its average volume of 123,256. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The stock has a market capitalization of $490.91 million, a price-to-earnings ratio of 12.62 and a beta of 1.30. 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 issued its earnings results on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $22.57 million for the quarter, compared to analyst estimates 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 firm posted $0.24 earnings per share. As a group, equities analysts anticipate that Gladstone Investment will post 0.96 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley lifted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, November 11th.

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.