Gladstone Investment (NASDAQ:GAIN) Stock Crosses Above 200 Day Moving Average – Here’s Why

Gladstone Investment Co. (NASDAQ:GAIN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.52 and traded as high as $13.66. Gladstone Investment shares last traded at $13.62, with a volume of 51,910 shares.

Gladstone Investment Stock Performance

The company has a market capitalization of $500.98 million, a P/E ratio of 7.08 and a beta of 1.28. The stock’s fifty day moving average price is $13.51 and its 200-day moving average price is $13.53.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, research analysts predict that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a dividend of $0.08 per share. This represents a yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s dividend payout ratio is 50.00%.

Hedge Funds Weigh In On Gladstone Investment

Several large investors have recently modified their holdings of GAIN. Kentucky Trust Co acquired a new position in Gladstone Investment in the 4th quarter valued at about $26,000. State of Wyoming bought a new stake in shares of Gladstone Investment during the fourth quarter worth approximately $105,000. Cornerstone Wealth Management LLC acquired a new position in shares of Gladstone Investment in the fourth quarter valued at approximately $136,000. Aquatic Capital Management LLC bought a new position in shares of Gladstone Investment during the fourth quarter worth approximately $173,000. Finally, Centiva Capital LP bought a new position in shares of Gladstone Investment during the third quarter worth approximately $192,000. 11.85% of the stock is owned by institutional investors.

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.