Gladstone Investment Co. (NASDAQ:GAIN) to Issue $0.70 Dividend

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Tuesday, September 17th, NASDAQ reports. Investors of record on Friday, October 4th will be given a dividend of 0.70 per share by the investment management company on Monday, October 14th. The ex-dividend date of this dividend is Friday, October 4th.

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 decline. Equities research analysts expect Gladstone Investment to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 98.0%.

Gladstone Investment Trading Up 1.3 %

NASDAQ GAIN traded up $0.18 during trading on Thursday, hitting $13.63. 202,901 shares of the company traded hands, compared to its average volume of 141,510. Gladstone Investment has a 12 month low of $12.14 and a 12 month high of $14.96. The business has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $13.77. The company has a market capitalization of $500.07 million, a P/E ratio of 5.50 and a beta of 1.33.

Gladstone Investment (NASDAQ:GAIN) last issued 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 company had revenue of $22.18 million during the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same period in the previous year, the business posted $0.25 earnings per share. Equities research analysts predict that Gladstone Investment will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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.

Gladstone Investment Company Profile

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.