Gladstone Investment (NASDAQ: GAIN ) was downgraded to sell at StockNews.com

Gladstone Investment (NASDAQ: GAIN – Get a free report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, B. Riley decreased their price objective on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.

Read the latest stock report on GAIN

Gladstone investment trading up 0.8%

Gladstone Investment stock traded up $0.11 during mid-day trading on Tuesday, reaching $13.82. The company had a trading volume of 176,436 shares, compared to its average volume of 142,752. The company has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $13.77. The company has a market cap of $507.04 million, a P/E ratio of 5.57 and a beta of 1.33. Gladstone Investment has a fifty-two week low of $12.14 and a fifty-two week high of $14.96.

Gladstone Investment (NASDAQ: GAIN – Get Your Free Report ) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a return on equity of 7.20% and a net margin of 78.48%. In the same quarter last year, the firm earned $0.25 EPS. research analysts anticipate that Gladstone Investment will post 0.99 EPS for the current year.

Institutional investors weigh in on Gladstone’s investment

Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Gladstone Investment in the 4th quarter valued at $84,000. Creekmur Asset Management LLC bought a new stake in Gladstone Investment during the fourth quarter valued at $105,000. Trexquant Investment LP purchased a new stake in Gladstone Investment in the 4th quarter valued at about $151,000. Drive Wealth Management LLC bought a new position in shares of Gladstone Investment in the second quarter valued at about $174,000. Finally, Virtu Financial LLC acquired a new position in shares of Gladstone Investment in the first quarter valued at about $198,000. Institutional investors own 11.85% of the company’s shares.

About Gladstone Investment

(Get a free report)

Gladstone Investment Corporation is a business development company specializing in lower middle market, mature stage, buyouts; refinancing existing debts; 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 debt securities; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests and guarantees or options.

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