Gladstone Investment Co. (GAIN) To Go Ex-Dividend on January 24th

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 dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities 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 Stock Down 0.3 %

Shares of NASDAQ:GAIN traded down $0.04 during midday trading on Wednesday, reaching $13.33. 95,597 shares of the company traded hands, compared to its average volume of 125,407. The firm has a market capitalization of $489.08 million, a price-to-earnings ratio of 12.58 and a beta of 1.30. The firm’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $13.49. Gladstone Investment has a 12 month low of $12.46 and a 12 month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results 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). The business had revenue of $22.57 million during the quarter, compared to the consensus estimate of $22.74 million. Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. During the same quarter in the prior year, the company earned $0.24 earnings per share. Analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. B. Riley upped their target price on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note 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.