Wall Street analysts forecast that Gladstone Investment Co. (NASDAQ:GAIN) will post earnings of $0.20 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Gladstone Investment’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.19. Gladstone Investment also reported earnings of $0.20 per share during the same quarter last year. The company is scheduled to issue its next earnings results on Wednesday, August 7th.
On average, analysts expect that Gladstone Investment will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.86. For the next financial year, analysts forecast that the business will report earnings of $0.81 per share, with EPS estimates ranging from $0.80 to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Monday, May 13th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $13.93 million. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%.
Several hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Gladstone Investment by 5.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 382,069 shares of the investment management company’s stock valued at $4,430,000 after purchasing an additional 18,699 shares during the last quarter. PFG Advisors purchased a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $2,424,000. BlackRock Inc. boosted its stake in shares of Gladstone Investment by 8.1% in the third quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock valued at $1,800,000 after buying an additional 11,768 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Gladstone Investment by 16.4% in the fourth quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock valued at $1,384,000 after buying an additional 20,863 shares in the last quarter. Finally, Global Strategic Management Inc. purchased a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $1,258,000. Institutional investors own 12.24% of the company’s stock.
NASDAQ:GAIN traded up $0.18 during mid-day trading on Thursday, reaching $11.19. 100,571 shares of the stock were exchanged, compared to its average volume of 141,751. The company has a market capitalization of $361.35 million, a PE ratio of 14.53 and a beta of 0.88. Gladstone Investment has a 1 year low of $8.70 and a 1 year high of $12.70.
The business also recently announced a special dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be paid a $0.09 dividend. This is an increase from Gladstone Investment’s previous special dividend of $0.06. This represents a dividend yield of 6.64%. The ex-dividend date of this dividend is Tuesday, June 4th. Gladstone Investment’s dividend payout ratio (DPR) is 106.49%.
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.
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