Gladstone Investment (GAIN) Set to Announce Earnings on Thursday

Gladstone Investment (NASDAQ:GAIN) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Gladstone Investment to post earnings of $0.25 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. The firm had revenue of $22.18 million for the quarter, compared to analyst estimates of $24.27 million. During the same quarter last year, the company earned $0.25 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 Up 1.7 %

NASDAQ:GAIN opened at $13.40 on Wednesday. The stock has a market capitalization of $491.65 million, a price-to-earnings ratio of 6.57 and a beta of 1.33. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.96. The stock’s fifty day moving average is $13.56 and its two-hundred day moving average is $13.76.

Gladstone Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.16%. The ex-dividend date is Friday, December 20th. Gladstone Investment’s payout ratio is currently 47.06%.

Analysts Set New Price Targets

GAIN has been the topic of several analyst reports. B. Riley reduced their price objective on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th.

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.