Gladstone Investment Corporation (NASDAQ:GAIN) financial products and services provider, is expected to report first quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.18 per share.
Looking ahead, the full year income are expected at $ 0.73 per share on the revenues of $ 50.43 million.
Previous Quarter Performance
Gladstone Investment Corporation revealed income for the fourth quarter of $ 0.19 per share, from the revenue of $ 11.98 million. The quarterly earnings improved 11.76 percent while revenues contracted 25.59 percent compared with the same quarter last year.
Wall street analysts are predicting, GAIN to report 4Q20 income of $ 0.21 per share from revenue of $ 14.41 million. The bottom line results missed street analysts by $ 0.02 or 9.52 percent, at the same time, top line results fell short of analysts by $ 2.43 million or 16.86 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GAIN was $ 9.96, representing a 54.90 % increase from the 52 week low of $ 6.43 and a 35.07 % decrease over the 52 week high of $ 15.34.
The company has a market capital of $ 383.48 million and is part of the Financial Services sector and Asset Management industry.
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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.
