Gladstone Investment Co. Declares Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a yield of 7.2%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Investment has a dividend payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Trading Down 0.3 %

GAIN stock traded down $0.04 during trading on Wednesday, hitting $13.33. 95,597 shares of the company’s stock were exchanged, compared to its average volume of 125,407. Gladstone Investment has a 52-week low of $12.46 and a 52-week high of $14.85. The business has a 50-day moving average price of $13.35 and a two-hundred day moving average price of $13.49. The stock has a market capitalization of $489.08 million, a price-to-earnings ratio of 12.58 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 earnings per share 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 firm had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.74 million. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Gladstone Investment Company Profile

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.