Gladstone Investment Co. (NASDAQ:GAIN) Announces $0.07 Monthly Dividend

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, October 13th, Zacks reports. Shareholders of record on Friday, October 23rd will be given a dividend of 0.07 per share by the investment management company on Friday, October 30th. This represents a $0.84 annualized dividend and a yield of 9.38%. The ex-dividend date is Thursday, October 22nd.

Gladstone Investment has a payout ratio of 158.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Investment to earn $0.72 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 116.7%.

NASDAQ GAIN opened at $8.96 on Wednesday. The company has a market cap of $297.52 million, a P/E ratio of -22.40 and a beta of 1.36. The stock has a 50-day moving average of $9.17 and a two-hundred day moving average of $9.83. Gladstone Investment has a 1-year low of $6.43 and a 1-year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, July 28th. The investment management company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.08). The firm had revenue of $10.71 million during the quarter, compared to analyst estimates of $13.66 million. Gladstone Investment had a negative net margin of 23.93% and a positive return on equity of 5.82%. On average, sell-side analysts anticipate that Gladstone Investment will post 0.57 EPS for the current fiscal year.

GAIN has been the subject of several research reports. Zacks Investment Research downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine raised Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, BidaskClub downgraded Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.50.

About Gladstone Investment

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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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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