Equities analysts forecast that Gladstone Investment Co. (NASDAQ:GAIN) will report earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Gladstone Investment’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. Gladstone Investment reported earnings per share of $0.23 during the same quarter last year, which indicates a negative year over year growth rate of 21.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Gladstone Investment will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.64 to $0.65. For the next fiscal year, analysts forecast that the company will post earnings of $0.77 per share, with EPS estimates ranging from $0.71 to $0.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Monday, November 5th. The investment management company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.32). The company had revenue of $13.09 million for the quarter, compared to analyst estimates of $15.37 million. Gladstone Investment had a return on equity of 6.58% and a net margin of 168.91%.
Shares of NASDAQ GAIN opened at $9.92 on Wednesday. The stock has a market cap of $327.57 million, a P/E ratio of 13.49 and a beta of 0.60. Gladstone Investment has a 12-month low of $9.00 and a 12-month high of $12.26.
The business also recently declared a dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, December 6th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, December 5th. Gladstone Investment’s dividend payout ratio (DPR) is 100.00%.
In related news, President David A. R. Dullum purchased 5,600 shares of Gladstone Investment stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $9.94 per share, for a total transaction of $55,664.00. Following the transaction, the president now directly owns 91,816 shares in the company, valued at $912,651.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.51% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in Gladstone Investment by 2.6% during the 2nd quarter. Van ECK Associates Corp now owns 246,616 shares of the investment management company’s stock worth $2,903,000 after purchasing an additional 6,266 shares during the last quarter. BlackRock Inc. raised its holdings in Gladstone Investment by 8.1% during the 3rd quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock worth $1,800,000 after purchasing an additional 11,768 shares during the last quarter. Legal & General Group Plc raised its holdings in Gladstone Investment by 5.5% during the 3rd quarter. Legal & General Group Plc now owns 127,514 shares of the investment management company’s stock worth $1,459,000 after purchasing an additional 6,693 shares during the last quarter. Advisory Research Inc. bought a new stake in Gladstone Investment during the 3rd quarter worth about $574,000. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new stake in Gladstone Investment during the 3rd quarter worth about $530,000. 15.48% of the stock is owned by hedge funds and other institutional investors.
Gladstone Investment Company Profile
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.
Recommended Story: The Discount Rate – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Investment and related companies with MarketBeat.com's FREE daily email newsletter.