Oppenheimer Sticks to Their Buy Rating for Gladstone Investment (GAIN)

Oppenheimer analyst Mitchel Penn maintained a Buy rating on Gladstone Investment (GAIN – Research Report) on November 11 and set a price target of $14.00. The company’s shares closed yesterday at $13.53.

Penn covers the Financial sector, focusing on stocks such as Capital Southwest, Gladstone Investment, and Horizon Technology. According to TipRanks, Penn has an average return of 7.3% and a 70.75% success rate on recommended stocks.

Gladstone Investment has an analyst consensus of Moderate Buy, with a price target consensus of $13.75.

GAIN market cap is currently $496.4M and has a P/E ratio of 12.75.

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Gladstone Investment (GAIN) Company Description:

Gladstone Investment Corp. is a closed-end, non-diversified management investment company. Its investment objective is to achieve and grow current income by investing in debt securities of established businesses that will provide stable earnings and cash flow to pay expenses; and seek long-term capital appreciation by investing in equity securities. The company was founded by David John Gladstone in 2005 and is headquartered in McLean, VA.