Brokerages Expect Gladstone Investment Co. (NASDAQ:GAIN) to Post $0.20 Earnings Per Share
Brokerages predict that Gladstone Investment Co. (NASDAQ:GAIN) will announce earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Gladstone Investment’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. Gladstone Investment also posted earnings of $0.20 per share in the same quarter last year. The business is scheduled to report its next earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Gladstone Investment will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.86. For the next year, analysts expect that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.80 to $0.83. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Gladstone Investment.
Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Monday, May 13th. The investment management company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $16.10 million during 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%.
Shares of GAIN stock traded up $0.02 on Monday, hitting $11.29. 67,967 shares of the stock were exchanged, compared to its average volume of 109,656. The company has a market capitalization of $369.91 million, a price-to-earnings ratio of 14.66 and a beta of 0.85. Gladstone Investment has a one year low of $8.70 and a one year high of $12.70. The firm has a 50 day moving average price of $11.36.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 22nd will be issued a dividend of $0.068 per share. The ex-dividend date is Friday, July 19th. This represents a $0.82 dividend on an annualized basis and a yield of 7.23%. Gladstone Investment’s dividend payout ratio (DPR) is 106.49%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. PFG Advisors purchased a new stake in Gladstone Investment during the 4th quarter worth about $2,424,000. Atlantic Union Bankshares Corp purchased a new stake in Gladstone Investment during the 2nd quarter worth about $1,785,000. Legal & General Group Plc lifted its holdings in Gladstone Investment by 16.4% during the 4th quarter. Legal & General Group Plc now owns 148,377 shares of the investment management company’s stock worth $1,384,000 after purchasing an additional 20,863 shares in the last quarter. Marshall Wace LLP purchased a new stake in Gladstone Investment during the 1st quarter worth about $802,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in Gladstone Investment by 4.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 34,907 shares of the investment management company’s stock worth $405,000 after purchasing an additional 1,600 shares in the last quarter. 12.20% of the stock is currently owned by institutional investors and hedge funds.
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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