Gladstone Investment (GAIN) Projected to Post Earnings on Wednesday

Gladstone Investment (NASDAQ:GAIN) will likely be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Gladstone Investment to post earnings of $0.24 per share and revenue of $22.88 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Thursday, November 7th. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.74 million. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. During the same period in the previous year, the company posted $0.24 earnings per share. On average, analysts expect Gladstone Investment to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Gladstone Investment Stock Performance

GAIN stock opened at $13.48 on Wednesday. The firm has a market cap of $494.58 million, a price-to-earnings ratio of 12.72 and a beta of 1.30. The firm has a 50-day simple moving average of $13.32 and a two-hundred day simple moving average of $13.44. Gladstone Investment has a one year low of $12.46 and a one year high of $14.85.

Gladstone Investment Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.08 dividend. This represents a dividend yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s payout ratio is currently 90.57%.

Analysts Set New Price Targets

GAIN has been the subject of several research analyst reports. 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 increased their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company 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.