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Wedbush announced Gladstone Investments (NDAQ:GAIN), bumping up its stock price target to $11.00 today

Yesterday Gladstone Investments (NDAQ:GAIN) traded 0.74% higher at $10.79. The company’s 50-day moving average is $9.37 and its 200-day moving average is $9.28. The last stock close price is up 2.22% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 103,936 shares of the stock were exchanged, down from an average trading volume of 137,298

In a report released on 11/20/2017 Wedbush increased the stock price target of Gladstone Investments (NDAQ:GAIN) from $10.50 to $11.00 indicating a possible upside of 0.02%.

Previously on 06/14/2017, Wedbush reported about Gladstone Investments (NDAQ:GAIN) raised the target price from $0.00 to $10.00. At the time, this indicated a possible upside of 0.07%.

See Chart Below

Gladstone Investments (NDAQ:GAIN)

Gladstone Investments has a 52 week low of $7.16 and a 52 week high of $9.84 The company’s market cap is currently $0.

In addition to Wedbush reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $8.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Gladstone Investments (NDAQ: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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