Gladstone Investment Co. Plans Variable Dividend of $0.70 (NASDAQ:GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) announced a Variable dividend on Tuesday, September 17th, NASDAQ reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.70 per share by the investment management company on Tuesday, October 15th. The ex-dividend date of this dividend is Friday, October 4th.

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 fall. Equities analysts expect Gladstone Investment to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.

Gladstone Investment Stock Performance

Gladstone Investment stock opened at $14.51 on Thursday. The firm’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $13.78. The firm has a market cap of $532.36 million, a PE ratio of 5.85 and a beta of 1.33. Gladstone Investment has a twelve month low of $12.14 and a twelve month high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. The firm had revenue of $22.18 million for the quarter, compared to analyst estimates of $24.27 million. During the same period in the previous year, the business posted $0.25 EPS. Equities analysts anticipate that Gladstone Investment will post 0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GAIN. StockNews.com cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 24th. B. Riley reduced their price objective on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

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.