Jueves, 23 Marcha, 2017

Next Weeks Broker Price Targets For Gladstone Capital Corporation (NASDAQ:GLAD)

Gladstone Land Corp Zacks Investment Research upgraded Gladstone Investment Corporation (NASDAQ:GAIN) to Hold in a report released today.
Manuel Armenta | 21 Marcha, 2017, 02:59

The average stock price target is $8.00 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Gladstone Investment Corporation has 52 week low of $6.65 and a 52 week high of $9.36 and has a market capitalization of $0. Following the acquisition, the chief executive officer now owns 621,973 shares in the company, valued at $5,411,165.10.

Shares of Gladstone Land Corp (NASDAQ:LAND) opened at 11.15 on Wednesday. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Zacks Investment Research upgraded shares of Gladstone Investment Co.

The stock's 50 day moving average is 9.34 and its 200 day moving average is 8.73.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Monday, February 6th. The investment management company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.01.

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 22nd will be given a $0.043 dividend. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.75 annualized dividend and a dividend yield of 8.34%. Gladstone Land Corp's dividend payout ratio is presently 742.86%. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in shares of Gladstone Investment by 22.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Gladstone Investment by 268.2% in the fourth quarter.

The share price of Gladstone Land Corporation (LAND) was down -1.09% during the last day of trading, with a day high of 11.31. Insiders own 21.67% of the company's stock. Van ECK Associates Corp now owns 179,416 shares of the investment management company's stock worth $1,518,000 after buying an additional 40,733 shares during the last quarter. Dimensional Fund Advisors LP now owns 59,062 shares of the company's stock worth $664,000 after buying an additional 1,100 shares in the last quarter.

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. Diligent Investors LLC purchased a new stake in Gladstone Land Corp during the fourth quarter worth approximately $1,090,000. UBS Group AG now owns 571,407 shares of the investment management company's stock worth $5,080,000 after buying an additional 34,803 shares during the last quarter. A cash dividend payment of $0.07 per share is scheduled to be paid on March 31, 2017.