In a report published Monday, Jefferies & Company initiated coverage on Gladstone Investment Corporation GAIN with a Buy rating and $9.00 price target.
Jefferies noted, “GAIN is an attractively valued small-cap, low levered yield play. The company has a seasoned, well-regarded management team and has paid a dividend for 87 consecutive months. We expect investors to earn an approximate 8.0% dividend yield to the current share price with upside leverage to an improving U.S. economy. JEF acted as sole book-running manager in GAIN's recent secondary offering.”
Gladstone Investment Corporation closed on Friday at $7.48.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in