Gladstone Investment Co. (NASDAQ:GAIN) Brief Interest Update

Gladstone Investment Co. (NASDAQ: GAIN – Get a rating) was the target of significant short-term interest growth in May. As of May 31, there was short interest totaling 376,800 shares, up 48.1% from the May 15 total of 254,400 shares. Based on an average daily trading volume of 109,600 shares, the day-to-cover ratio is currently 3.4 days. About 1.2% of the stock’s shares are sold short.

Separately, downgraded Gladstone Investment from a “buy” rating to a “hold” rating in a Wednesday May 18 research note.

NASDAQ: GAIN was down $0.50 during Tuesday trading hours, hitting $12.96. The company’s stock had a trading volume of 8,401 shares, compared to an average volume of 109,679. The stock has a 50-day moving average price of $15.40 and a two-hundred-day moving average price of 15 $.77. The company has a market capitalization of $430.40 million, a P/E ratio of 4.37 and a beta of 1.48. Gladstone Investment has a 12-month low of $13.35 and a 12-month high of $17.15.

Gladstone Investment (NASDAQ: GAIN – Get a rating) last released its quarterly results on Wednesday, May 11. The investment management firm reported earnings per share (EPS) of $0.20 for the quarter, missing analyst consensus estimates of $0.23 per ($0.03). The company posted revenue of $19.25 million for the quarter, versus analyst estimates of $16.61 million. Gladstone Investment had a return on equity of 7.02% and a net margin of 141.02%. On average, analysts expect Gladstone Investment to post EPS of 0.91 for the current financial year.

(A d)

If you’re new to trading, you’ve probably heard the wrong word about options, that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering strategy, you will soon learn that the safest option for new accounts is the options themselves!

The company also recently announced a dividend, which will be paid on Wednesday, June 15. Shareholders of record on Monday, June 6 will receive a dividend of $0.12. The ex-dividend date is Friday, June 3. Gladstone Investment’s dividend payout ratio (DPR) is currently 29.22%.

Several institutional investors and hedge funds have recently increased or reduced their stake in GAIN. Lazard Asset Management LLC acquired a new stake in Gladstone Investment in Q1 worth approximately $30,000. Bank of America Corp DE increased its stake in Gladstone Investment by 100.9% in Q2. Bank of America Corp DE now owns 3,485 shares of the investment management company valued at $50,000 after acquiring 1,750 additional shares in the last quarter. Hardy Reed LLC purchased a new equity stake from Gladstone Investment in Q1 worth approximately $112,000. Millennium Management LLC purchased a new equity stake from Gladstone Investment in Q2, valued at approximately $146,000. Finally, BNP Paribas Arbitrage SA increased its stake in Gladstone Investment shares by 1,826.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,634 shares in the investment management company valued at $155,000 after purchasing an additional 9,134 shares during the period. Hedge funds and other institutional investors own 11.75% of the company’s shares.

About Gladstone Investments (Get a rating)

Gladstone Investment Corporation specializes in lower middle market, maturity stage, buyouts; refinance 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.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Gladstone Investment right now?

Before you consider Gladstone Investment, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Gladstone Investment didn’t make the list.

Although Gladstone Investment currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Previous Analysis: Too much in stores is rolling back the supply chain boost
Next Martin Lewis warns nearly a million people are missing out on an extra £3,300 a year