Gladstone Investment Co. (NASDAQ:GAIN) Declares Monthly Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.08 per share by the investment management company on Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Wednesday, February 19th.

Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

Shares of GAIN stock opened at $13.97 on Monday. Gladstone Investment has a 52-week low of $12.46 and a 52-week high of $14.85. The company has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $13.42. The company has a market capitalization of $512.56 million, a price-to-earnings ratio of 13.18 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. On average, sell-side analysts forecast that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GAIN. B. Riley lifted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note 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.