Stock News Buzz: Gladstone Investment Corporation (NASDAQ: GAIN)

 Gladstone Investment Corporation (NASDAQ: GAIN) spotted trading -10.79% off 52-week high price. On the other end, the stock has been noted 30.23% away from the low price over the last 52-weeks. The stock changed -0.62% to recent value of $11.24. The stock transacted 141036 shares during most recent day however it has an average volume of 139.69K shares. The company has 32.53M of outstanding shares .  

Gladstone Investment Corporation (NASDAQ: GAIN) reported that on June 28, 2019, it partnered with Slate Capital Group, LLC (“Slate Capital”), and members of the Company’s executive management in the acquisition of Horizon Facilities Services, LLC (“Horizon” or the “Company”).  Gladstone Investment provided equity and senior secured debt to complete the transaction.

Headquartered in Allentown, PA, Horizon is a leading provider of outsourced services to the rental car industry under the Managed Labor Solutions brand. Additionally, Horizon provides commercial janitorial services under the Professional Maintenance Co. brand. Horizon partners with its customers through a transaction-based pricing model which enhances customer cost visibility and operational efficiency.

“Horizon’s ability to solve complex staffing and logistical problems for its clients sets Horizon apart from its peers. We are very excited to partner with Slate Capital and the talented team at Horizon and look forward to helping the Company as it enters its next phase of growth,” said Peter Roushdy, Managing Director of Gladstone Investment.

 Its earnings per share (EPS) expected to touch remained 252.20% for this year while earning per share for the next 5-years is expected to reach at 7.00%. GAIN . 

 The price moved ahead of -1.53% from the mean of 20 days, -3.60% from mean of 50 days SMA and performed 2.40% from mean of 200 days price. Company’s performance for the week was 0.72%, 2.09% for month and YTD performance remained 21.57%.

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