Gladstone Investment Co. (NASDAQ:GAIN) Plans $0.08 Dividend

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Tuesday, January 21st,investing.com reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.08 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 7.18%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Price Performance

NASDAQ:GAIN traded up $0.12 during mid-day trading on Tuesday, reaching $13.37. 108,685 shares of the company’s stock traded hands, compared to its average volume of 127,898. The firm has a market capitalization of $490.55 million, a price-to-earnings ratio of 12.61 and a beta of 1.30. The company has a 50 day moving average price of $13.36 and a 200-day moving average price of $13.50. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. The company had revenue of $22.57 million for the quarter, compared to the consensus estimate of $22.74 million. During the same period last year, the business earned $0.24 EPS. As a group, analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GAIN shares. B. Riley lifted their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.