Todays Report: The Gladstone Investment Corp. (GAIN) Plans $0.06 Monthly Dividend

The Gladstone Investment Corp. (GAIN) Plans $0.06 Monthly Dividend

Gladstone Investment Corp. (NASDAQ:GAIN) declared a monthly dividend on Wednesday, October 12th. Stockholders of record on Tuesday, December 20th will be paid a dividend of 0.0625 per share by the investment management company on Friday, December 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Friday, December 16th.

Gladstone Investment Corp. (NASDAQ:GAIN) opened at 9.05 on Thursday. Gladstone Investment Corp. has a one year low of $6.40 and a one year high of $9.30. The stock has a 50 day moving average price of $8.93 and a 200-day moving average price of $7.72.

Gladstone Investment Corp. (NASDAQ:GAIN) last issued its earnings results on Monday, August 1st. The investment management company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Gladstone Investment Corp. had a return on equity of 8.04% and a net margin of 77.56%. Equities analysts expect that Gladstone Investment Corp. will post $0.78 earnings per share for the current year.

In other Gladstone Investment Corp. news, COO Terry Lee Brubaker sold 49,414 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $8.73, for a total transaction of $431,384.22. Following the transaction, the chief operating officer now owns 232,598 shares in the company, valued at $2,030,580.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. KCG Holdings Inc. boosted its position in shares of Gladstone Investment Corp. by 12.1% in the second quarter. KCG Holdings Inc. now owns 23,400 shares of the investment management company’s stock worth $168,000 after buying an additional 2,521 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Gladstone Investment Corp. by 13.1% in the second quarter. Van ECK Associates Corp now owns 128,746 shares of the investment management company’s stock worth $922,000 after buying an additional 14,912 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Gladstone Investment Corp. during the second quarter worth approximately $874,000. Raymond James & Associates boosted its position in shares of Gladstone Investment Corp. by 31.1% in the second quarter. Raymond James & Associates now owns 21,614 shares of the investment management company’s stock worth $155,000 after buying an additional 5,124 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Gladstone Investment Corp. by 111.5% in the second quarter. Janney Montgomery Scott LLC now owns 322,946 shares of the investment management company’s stock worth $2,312,000 after buying an additional 170,249 shares during the last quarter. 15.37% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on GAIN. Zacks Investment Research upgraded Gladstone Investment Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Jefferies Group reiterated a “hold” rating on shares of Gladstone Investment Corp. in a research report on Friday, August 5th.

Gladstone Investment Corp. Company Profile

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