Does This Provide a Reason to Buy Gladstone Investment Corporation (GAIN)? The Stock Has Formed Bullish Multiple Top Pattern

September 16, 2018 - By Matthew Richard

Investors sentiment decreased to 0.88 in Q2 2018. Its down 0.62, from 1.5 in 2018Q1. It dropped, as 8 investors sold Gladstone Investment Corporation shares while 17 reduced holdings. 8 funds opened positions while 14 raised stakes. 3.93 million shares or 15.38% less from 4.65 million shares in 2018Q1 were reported.
Washington Co holds 0% or 2,700 shares. Eagle Global Advsr Ltd Company has 0.01% invested in Gladstone Investment Corporation (NASDAQ:GAIN). Parametric Port Assoc Ltd Liability Com accumulated 18,686 shares. Advisory Services Network Lc has 0% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 2,002 shares. 3,544 are held by Manufacturers Life Insur The. Stratos Wealth Prtnrs Limited accumulated 31,432 shares or 0.02% of the stock. Guggenheim Cap Limited Liability Corp stated it has 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). Royal Bancorporation Of Canada invested in 32,914 shares. Archford Capital Strategies Limited Liability Co accumulated 42,379 shares or 0.18% of the stock. Wells Fargo & Co Mn invested 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). Moreover, Great West Life Assurance Can has 0% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 8,973 shares. Davenport Ltd Liability Com invested in 0.04% or 254,628 shares. Raymond James And Associate invested 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). North Star Invest Mgmt Corp accumulated 5,000 shares. Moreover, Stelac Advisory Svcs Lc has 0.04% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 11,358 shares.

The stock of Gladstone Investment Corporation (GAIN) shows a multiple tops pattern with $12.64 target or 8.00 % above today’s $11.70 share price. The 6 months chart pattern indicates low risk for the $384.02 million company. It was reported on Sep, 16 by Finviz.com. If the $12.64 price target is reached, the company will be worth $30.72 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.68% or $0.08 during the last trading session, reaching $11.7. About 97,917 shares traded. Gladstone Investment Corporation (NASDAQ:GAIN) has risen 28.72% since September 16, 2017 and is uptrending. It has outperformed by 13.10% the S&P500.

Analysts await Gladstone Investment Corporation (NASDAQ:GAIN) to report earnings on November, 7. They expect $0.20 EPS, up 11.11 % or $0.02 from last year’s $0.18 per share. GAIN’s profit will be $6.56M for 14.63 P/E if the $0.20 EPS becomes a reality. After $0.20 actual EPS reported by Gladstone Investment Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent Gladstone Investment Corporation (NASDAQ:GAIN) news were published by: Nasdaq.com which released: “Gladstone Investment Corporation Announces Closing of Offering of 2990000 Shares of its 6.375% Series E …” on August 22, 2018, also Nasdaq.com with their article: “Japan stocks rise on weaker yen, Nasdaq gain; US deal lifts Renesas” published on September 11, 2018, Seekingalpha.com published: “Preferred Stocks And Baby Bonds: Redeemed Issues – GAIN & TCAP” on September 02, 2018. More interesting news about Gladstone Investment Corporation (NASDAQ:GAIN) were released by: Seekingalpha.com and their article: “Gladstone Investment: Is 6.3% Enough For This New Preferred?” published on August 22, 2018 as well as Seekingalpha.com‘s news article titled: “Gladstone Investment upsizes, extends credit facility” with publication date: August 23, 2018.

Gladstone Investment Corporation is a business development firm specializing in 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 firm interests, and warrants or options. The company has market cap of $384.02 million. The fund does not invest in start-ups. It has a 4.49 P/E ratio. It seeks to invest in small and mid-sized companies based in the United States.

Gladstone Investment Corporation (NASDAQ:GAIN) Institutional Positions Chart

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