Jefferies Starts Gladstone Investment Corporation (GAIN) at Buy

Jefferies initiates coverage on Gladstone Investment Corporation (NASDAQ: GAIN) with a Buy. PT $9.00.

The firm comments, "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."

For an analyst ratings summary and ratings history on Gladstone Investment Corporation click here. For more ratings news on Gladstone Investment Corporation click here.

Shares of Gladstone Investment Corporation closed at $7.48 yesterday.

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