Gladstone initiated with Neutral, $14 target at B. Riley

B. Riley analyst Bryce Rowe yesterday afternoon initiated coverage of Gladstone Investment with a Neutral rating and $14 price target. The analyst sees limited potential for price appreciation over the near term given the possibility of minimal near-term origination and exit activity in the current environment, which he says could dampen the company’s revenue generation. He views the Gladstone’s risk/reward as balanced at current share levels.