Gladstone Investment (NASDAQ:GAIN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Gladstone Investment Co. (NASDAQ:GAIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.78 and traded as high as $14.06. Gladstone Investment shares last traded at $13.97, with a volume of 110,209 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. B. Riley decreased their target price on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Gladstone Investment Price Performance

The stock has a market capitalization of $516.58 million, a price-to-earnings ratio of 5.61 and a beta of 1.33. The firm has a 50-day moving average of $13.46 and a 200 day moving average of $13.78.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.27 million. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts forecast that Gladstone Investment Co. will post 1 earnings per share for the current year.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.82%. Gladstone Investment’s payout ratio is 38.71%.

Hedge Funds Weigh In On Gladstone Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Drive Wealth Management LLC bought a new stake in Gladstone Investment in the second quarter valued at approximately $174,000. Virtu Financial LLC acquired a new stake in Gladstone Investment during the 1st quarter valued at $198,000. Private Advisor Group LLC boosted its position in Gladstone Investment by 6.9% during the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after purchasing an additional 1,609 shares during the period. International Assets Investment Management LLC boosted its position in Gladstone Investment by 1,345.0% during the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after purchasing an additional 29,456 shares during the period. Finally, Garner Asset Management Corp increased its holdings in shares of Gladstone Investment by 9.1% in the first quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock valued at $588,000 after purchasing an additional 3,451 shares during the last quarter. Institutional investors own 11.85% of the company’s stock.

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.