On May 31, 2013, Zacks Investment Research upgraded
Gladstone Investment Corp
) to a Zacks Rank #1 (Strong Buy).
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Why the Upgrade?
Gladstone Investment has been witnessing rising earnings
estimates on the back of strong fiscal fourth-quarter and
full-year 2012 results. Moreover, shares of this business
development company appreciated 5.21% year to date.
On May 14, 2013, Gladstone Investment reported fiscal
fourth-quarter (ended Mar 31) net investment income of 22 cents
per share, surpassing the Zacks Consensus Estimate by 7 cents.
This also compared favorably with the prior-quarter earnings of
15 cents per share.
The sequential improvement was driven by dividend income derived
from recapitalization of the company's investment in Galaxy Tool
Holdings Corp. (Galaxy), partially offset by higher incentive fee
For fiscal 2012, net investment income stood at 68 cents per
share compared with 62 cents reported in the prior year.
Total investment income for the fourth quarter was $10.5 million,
up 45.8% sequentially. Moreover, total expense stood at $4.6
million, up 43.2% from the prior quarter.
Over the last 30 days, 3 out of 5 estimates for 2013 have been
revised upward, raising the Zacks Consensus Estimate by 1.6% to
$0.63 per share. For 2014, 1 out of 2 estimates moved higher over
the same time frame, pulling the Zacks Consensus Estimate up by
3.0% to $0.68 per share.
Other Stocks to Consider
Other stocks that are also worth considering include
Bank of the Ozarks, Inc
Kearny Financial Corp
Ellington Financial LLC
). All these stocks carry a Zacks Rank #1 (Strong Buy).