Gladstone Investment Corporation (NASDAQ:GAIN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Gladstone Investment Corporation (NASDAQ:GAIN) to Hold in a statement released on Tuesday October 11, 2016.
Boasting a price of $8.91, Gladstone Investment Corporation (NASDAQ:GAIN) traded -1.21% lower on the day. With the last stock price close up 16.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Gladstone Investment Corporation has recorded a 50-day average of $8.93 and a two hundred day average of $7.74. Volume of trade was down over the average, with 105,396 shares of GAIN changing hands under the typical 210,428
With a total market value of $0, Gladstone Investment Corporation has with a one year low of $6.40 and a one year high of $9.30 .
A total of 2 equity analysts have released a ratings update on GAIN. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.00.
Brief Synopsis About Gladstone Investment Corporation (NASDAQ:GAIN)
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company's investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains. It has investments in sectors, such as chemicals, plastics, and rubber, and home and office furnishings, house wares, and durable consumer products, among others. Its investment advisor is Gladstone Management Corporation.
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