BidaskClub Lowers Gladstone Investment (NASDAQ:GAIN) to Sell

Gladstone Investment (NASDAQ:GAIN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, June 29th, BidAskClub reports.

Several other research firms have also recently issued reports on GAIN. Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Finally, LADENBURG THALM/SH SH restated a “buy” rating and issued a $1.25 price objective on shares of Arch Therapeutics in a report on Wednesday, May 15th.

GAIN traded down $0.02 during trading on Friday, reaching $11.16. 141,135 shares of the company were exchanged, compared to its average volume of 113,241. The firm has a market capitalization of $366.29 million, a PE ratio of 14.49 and a beta of 0.85. The business’s 50 day moving average price is $11.35. Gladstone Investment has a 52 week low of $8.70 and a 52 week high of $12.70.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Monday, May 13th. The investment management company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. Gladstone Investment had a return on equity of 6.37% and a net margin of 136.75%. The firm had revenue of $16.10 million during the quarter, compared to the consensus estimate of $13.93 million. As a group, analysts forecast that Gladstone Investment will post 0.81 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Claybrook Capital LLC acquired a new stake in shares of Gladstone Investment during the fourth quarter worth $26,000. Winslow Evans & Crocker Inc. grew its stake in shares of Gladstone Investment by 65.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,600 shares of the investment management company’s stock worth $30,000 after purchasing an additional 1,024 shares during the period. Advisory Services Network LLC grew its stake in shares of Gladstone Investment by 44.5% during the first quarter. Advisory Services Network LLC now owns 3,020 shares of the investment management company’s stock worth $35,000 after purchasing an additional 930 shares during the period. Advisor Group Inc. grew its stake in shares of Gladstone Investment by 40.2% during the fourth quarter. Advisor Group Inc. now owns 11,521 shares of the investment management company’s stock worth $107,000 after purchasing an additional 3,306 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Gladstone Investment during the fourth quarter worth $125,000. 12.24% of the stock is owned by institutional investors and hedge funds.

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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