Gladstone Investment Co. (GAIN) Expected to Post Earnings of $0.19 Per Share

Equities analysts predict that Gladstone Investment Co. (NASDAQ:GAIN) will announce earnings per share (EPS) of $0.19 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gladstone Investment’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.19. Gladstone Investment reported earnings per share of $0.17 in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The business is expected to report its next earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Gladstone Investment will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.76 to $0.81. For the next fiscal year, analysts anticipate that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.78 to $0.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Gladstone Investment.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, May 15th. The investment management company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $15.42 million during the quarter, compared to the consensus estimate of $13.88 million. Gladstone Investment had a return on equity of 7.64% and a net margin of 104.00%.

A number of research analysts have weighed in on the company. BidaskClub upgraded Gladstone Investment from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. Zacks Investment Research downgraded Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. ValuEngine downgraded Gladstone Investment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, LADENBURG THALM/SH SH upgraded Gladstone Investment from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $11.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Gladstone Investment by 228.0% in the fourth quarter. Millennium Management LLC now owns 105,456 shares of the investment management company’s stock valued at $1,177,000 after buying an additional 73,303 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $678,000. Stockman Wealth Management Inc. acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $269,000. LPL Financial LLC lifted its position in shares of Gladstone Investment by 347.6% in the fourth quarter. LPL Financial LLC now owns 69,349 shares of the investment management company’s stock valued at $774,000 after buying an additional 53,856 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Gladstone Investment by 49.5% in the fourth quarter. California Public Employees Retirement System now owns 122,600 shares of the investment management company’s stock valued at $1,368,000 after buying an additional 40,600 shares during the last quarter. 15.26% of the stock is owned by institutional investors.

Gladstone Investment traded up $0.23, reaching $11.66, during mid-day trading on Friday, MarketBeat reports. The company had a trading volume of 167,730 shares, compared to its average volume of 198,348. The company has a market cap of $374.83 million, a price-to-earnings ratio of 14.22 and a beta of 0.53. Gladstone Investment has a 52 week low of $9.00 and a 52 week high of $11.66.

The firm also recently disclosed a special dividend, which will be paid on Friday, June 15th. Stockholders of record on Wednesday, June 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a dividend yield of 7.69%. Gladstone Investment’s payout ratio is 97.56%.

Gladstone Investment Company Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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Earnings History and Estimates for Gladstone Investment (NASDAQ:GAIN)

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