StockNews.com Downgrades Gladstone Investment (NASDAQ:GAIN) to Hold
Gladstone Investment (NASDAQ:GAIN – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Separately, Zacks Investment Research lowered Gladstone Investment from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th.
Gladstone Investment stock opened at $15.30 on Wednesday. Gladstone Investment has a one year low of $13.31 and a one year high of $17.15. The business has a fifty day moving average price of $15.81 and a 200-day moving average price of $16.00. The firm has a market capitalization of $508.04 million, a P/E ratio of 4.97, a PEG ratio of 5.24 and a beta of 1.48.
In other Gladstone Investment news, President David A. R. Dullum acquired 5,500 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was bought at an average price of $14.56 per share, with a total value of $80,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.61% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of GAIN. Morgan Stanley boosted its stake in Gladstone Investment by 9.3% during the second quarter. Morgan Stanley now owns 162,236 shares of the investment management company’s stock valued at $2,337,000 after buying an additional 13,790 shares during the period. Bank of America Corp DE boosted its stake in Gladstone Investment by 100.9% during the second quarter. Bank of America Corp DE now owns 3,485 shares of the investment management company’s stock valued at $50,000 after buying an additional 1,750 shares during the period. Millennium Management LLC bought a new stake in Gladstone Investment during the second quarter worth about $146,000. Raymond James Financial Services Advisors Inc. bought a new stake in Gladstone Investment during the third quarter worth about $152,000. Finally, Deutsche Bank AG lifted its stake in Gladstone Investment by 166.5% during the third quarter. Deutsche Bank AG now owns 11,264 shares of the investment management company’s stock worth $156,000 after purchasing an additional 7,037 shares during the last quarter. 11.75% of the stock is owned by institutional investors.
About Gladstone Investment (Get Rating)
Gladstone Investment Corporation 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.
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