Gladstone Investment Corporation (NASDAQ:GAIN) is reporting second quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, GAIN is expected to report 2Q21 income of $ 0.13 per share from revenue of $ 11.22 million.
For the full year, analysts anticipate top line of $ 46.10 million, while looking forward to income of $ 0.54 per share bottom line.
Previous Quarter Performance
Gladstone Investment Corporation recorded income for the first quarter of $ 0.11 per share, from the revenue of $ 10.71 million. The quarterly earnings declined 59.26 percent while revenues reduced 20.55 percent compared with the same quarter last year.
Street analysts expected Gladstone Investment Corporation to report income of $ 0.18 per share on revenue of $ 12.66 million for the first quarter. The bottom line results missed street analysts by $ 0.07 or 38.89 percent, at the same time, top line results fell short of analysts by $ 1.95 million or 15.4 percent.
Stock Performance
Shares of Gladstone Investment Corporation traded up $ 0.16 or 1.92 percent on Monday, reaching $ 8.49 with volume of 147.30 thousand shares. Gladstone Investment Corporation has traded high as $ 8.63 and has cracked $ 8.39 on the downward trend
The closing price of $ 8.49, representing a 29.55 % increase from the 52 week low of $ 6.43 and a 45.7 % decrease over the 52 week high of $ 15.34.
The company has a market capital of $ 281.91 million and is part of the Financial Services sector and Asset Management industry.
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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. The fund does not invest in start-ups. The fund seek to invest in manufacturing, consumer products and business services/ distribution sector.
