Gladstone Investment Corporation(NASDAQ:GAIN) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $14.39M. Analysts estimated a revenue of $12.81M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.18.
Gladstone Investment Corporation (GAIN) made into the market gainers list on Mondays trading session with the shares advancing 4.10% or 0.33 points. Due to strong positive momentum, the stock ended at $8.38, which is also near the day’s high of $8.415. The stock began the session at $8.12 and the volume stood at 6,87,064 shares. The 52-week high of the shares is $8.415 and the 52 week low is $6.4. The company has a current market capitalization of $254 M and it has 3,02,70,958 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 9, 2016, David A R Dullum (President) purchased 5,000 shares at $6.69 per share price.Also, On Dec 15, 2015, David Gladstone (CEO) purchased 90,000 shares at $7.53 per share price.On Jun 3, 2015, Caren D Merrick (director) purchased 1,965 shares at $7.63 per share price, according to the Form-4 filing with the securities and exchange commission.
Gladstone Investment Corporation operates as a closed-end non-diversified management investment company. The Company is a publicly traded business development company that pays monthly dividends to its stockholders and invests in small and medium sized private businesses seeking to achieve returns from current income and capital gains through debt and equity investments. The Companys investment funds make debt and equity investments in United States-based small to middle-market businesses. It focuses on second lien debt mezzanine debt secured and unsecured subordinated loans and equity and real estate sale leasebacks. It invests in sectors such as: light and specialty manufacturing industrial products business and government services media and communications consumer products and services healthcare services transportation specialty chemicals and energy services. Gladstone Management Corporation serves as the Companys investment adviser.