Gladstone Investment price target lowered to $13.50 from $14.50 at B. Riley

B. Riley lowered the firm’s price target on Gladstone Investment to $13.50 from $14.50 and keeps a Neutral rating on the shares following the fiscal Q3 report. The company appears to be positioned to distribute future supplemental dividends and to deliver continued net asset value growth and profitability at or near the top of the industry, the analyst tells investors in a research note.