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

Gladstone Investment Co. (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors of record on Wednesday, February 19th will be given a dividend of 0.08 per share by the investment management company on Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 6.87%. The ex-dividend date is Wednesday, February 19th.

Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Stock Performance

Gladstone Investment stock opened at $13.97 on Monday. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The firm has a 50 day moving average price of $13.31 and a 200 day moving average price of $13.42. The company has a market capitalization of $512.56 million, a PE ratio of 13.18 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. As a group, equities research analysts forecast that Gladstone Investment will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

GAIN has been the subject of several recent research reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley raised their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research 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.