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. Persons interested in listening to the company’s earnings 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. The company had revenue of $22.57 million during the quarter, compared to analyst estimates of $22.74 million. During the same period in the prior year, the business posted $0.24 EPS. 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

Gladstone Investment stock opened at $13.48 on Wednesday. The company’s fifty day moving average price is $13.32 and its 200 day moving average price is $13.44. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.85. The stock has a market capitalization of $494.58 million, a P/E ratio of 12.72 and a beta of 1.30.

Gladstone Investment Cuts Dividend

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

Analyst Ratings Changes

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