Wells Fargo & Company MN boosted its stake in Gladstone Investment Corporation (NASDAQ:GAIN) by 2.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,031 shares of the investment management company’s stock after buying an additional 1,048 shares during the period. Wells Fargo & Company MN’s holdings in Gladstone Investment Corporation were worth $386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its position in Gladstone Investment Corporation by 19.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock valued at $137,000 after buying an additional 2,382 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Gladstone Investment Corporation by 10.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,927 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 3,867 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Gladstone Investment Corporation by 10.6% during the 1st quarter. Legal & General Group Plc now owns 71,843 shares of the investment management company’s stock valued at $651,000 after purchasing an additional 6,884 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Gladstone Investment Corporation by 6.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 178,861 shares of the investment management company’s stock valued at $1,681,000 after purchasing an additional 10,100 shares in the last quarter. Finally, Outfitter Advisors LTD. boosted its position in shares of Gladstone Investment Corporation by 1.2% during the 2nd quarter. Outfitter Advisors LTD. now owns 246,265 shares of the investment management company’s stock valued at $2,315,000 after purchasing an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 17.72% of the company’s stock.

Gladstone Investment Corporation (GAIN) opened at $10.94 on Thursday. Gladstone Investment Corporation has a fifty-two week low of $7.95 and a fifty-two week high of $11.17. The company has a market cap of $360.39, a PE ratio of 16.06 and a beta of 0.71.

Gladstone Investment Corporation (NASDAQ:GAIN) last announced its earnings results on Wednesday, November 1st. The investment management company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Gladstone Investment Corporation had a net margin of 80.07% and a return on equity of 6.95%. The company had revenue of $13.13 million during the quarter, compared to analysts’ expectations of $12.22 million. equities research analysts expect that Gladstone Investment Corporation will post 0.71 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a $0.06 dividend. This represents a dividend yield of 7.93%. The ex-dividend date is Monday, December 4th. Gladstone Investment Corporation’s payout ratio is 57.78%.

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Several equities analysts have recently weighed in on GAIN shares. Zacks Investment Research upgraded shares of Gladstone Investment Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, November 6th. ValuEngine upgraded shares of Gladstone Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 4th. BidaskClub lowered shares of Gladstone Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC restated a “hold” rating and set a $9.00 price objective on shares of Gladstone Investment Corporation in a research report on Wednesday, August 16th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.67.

About Gladstone Investment Corporation

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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Institutional Ownership by Quarter for Gladstone Investment Corporation (NASDAQ:GAIN)

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