Gladstone Investment (GAIN) Downgraded to “Sell” at BidaskClub

Gladstone Investment (NASDAQ:GAIN) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday, September 14th.

Separately, Zacks Investment Research upgraded Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Gladstone Investment currently has a consensus rating of “Hold” and an average price target of $11.33.

Shares of NASDAQ:GAIN traded down $0.09 during midday trading on Friday, hitting $10.92. The company had a trading volume of 196,900 shares, compared to its average volume of 174,047. The firm has a market capitalization of $375.16 million, a price-to-earnings ratio of 13.39 and a beta of 0.53. Gladstone Investment has a 12-month low of $9.00 and a 12-month high of $12.26.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Wednesday, August 1st. The investment management company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $15.50 million during the quarter, compared to analyst estimates of $15.16 million. Gladstone Investment had a return on equity of 7.64% and a net margin of 140.89%. Research analysts anticipate that Gladstone Investment will post 0.76 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Aperio Group LLC bought a new position in shares of Gladstone Investment in the 1st quarter valued at about $113,000. Stelac Advisory Services LLC bought a new position in shares of Gladstone Investment in the 1st quarter valued at about $115,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Gladstone Investment in the 1st quarter valued at about $137,000. Stephens Inc. AR bought a new position in shares of Gladstone Investment in the 2nd quarter valued at about $164,000. Finally, Guggenheim Capital LLC bought a new position in shares of Gladstone Investment in the 1st quarter valued at about $191,000. 15.81% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

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. The fund does not invest in start-ups. It seeks to invest in small and mid-sized companies based in the United States.

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