Gladstone Investment Co. (NASDAQ:GAIN – Get Rating) President David A. R. Dullum purchased 3,000 shares of Gladstone Investment stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average price of $12.84 per share, with a total value of $38,520.00. Following the acquisition, the president now owns 144,916 shares in the company, valued at approximately $1,860,721.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Gladstone Investment Stock Down 1.9 %
Shares of Gladstone Investment stock opened at $12.79 on Friday. The firm’s 50 day moving average price is $13.65 and its 200-day moving average price is $13.41. Gladstone Investment Co. has a 52-week low of $11.40 and a 52-week high of $16.85. The company has a market cap of $427.89 million, a P/E ratio of 7.66 and a beta of 1.42.
Gladstone Investment (NASDAQ:GAIN – Get Rating) last released its earnings results on Wednesday, February 1st. The investment management company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $21.59 million for the quarter, compared to the consensus estimate of $19.83 million. Gladstone Investment had a net margin of 69.10% and a return on equity of 7.27%. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts forecast that Gladstone Investment Co. will post 1.11 EPS for the current fiscal year.
Gladstone Investment Dividend Announcement
Analyst Ratings Changes
Several equities research analysts have recently commented on GAIN shares. StockNews.com started coverage on shares of Gladstone Investment in a report on Thursday. They issued a “hold” rating for the company. TheStreet raised shares of Gladstone Investment from a “c+” rating to a “b” rating in a research report on Monday, February 6th. Finally, B. Riley assumed coverage on shares of Gladstone Investment in a research report on Monday, December 12th. They issued a “buy” rating and a $12.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.17.
Institutional Trading of Gladstone Investment
Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in Gladstone Investment during the 1st quarter worth approximately $30,000. JPMorgan Chase & Co. purchased a new stake in Gladstone Investment during the 2nd quarter worth approximately $49,000. State of Wyoming purchased a new stake in Gladstone Investment during the 4th quarter worth approximately $84,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gladstone Investment by 1,826.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,634 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 9,134 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at $133,000. Hedge funds and other institutional investors own 12.14% of the company’s stock.
About Gladstone Investment
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments.
- Get a free copy of the StockNews.com research report on Gladstone Investment (GAIN)
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