Wedbush Securities Inc. bought a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,496 shares of the investment management company’s stock, valued at approximately $163,000. Wedbush Securities Inc. owned about 0.05% of Gladstone Investment at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James & Associates grew its stake in Gladstone Investment by 43.6% in the second quarter. Raymond James & Associates now owns 22,017 shares of the investment management company’s stock worth $259,000 after purchasing an additional 6,686 shares during the period. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Gladstone Investment in the 3rd quarter valued at $530,000. Creative Planning increased its holdings in shares of Gladstone Investment by 101.1% in the 3rd quarter. Creative Planning now owns 20,105 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 10,105 shares during the period. BlackRock Inc. increased its holdings in shares of Gladstone Investment by 8.1% in the 3rd quarter. BlackRock Inc. now owns 157,445 shares of the investment management company’s stock valued at $1,800,000 after acquiring an additional 11,768 shares during the period. Finally, Advisory Research Inc. purchased a new position in shares of Gladstone Investment in the 3rd quarter valued at $574,000. Institutional investors and hedge funds own 13.96% of the company’s stock.

Several research analysts recently weighed in on GAIN shares. BidaskClub upgraded Gladstone Investment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Zacks Investment Research upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd.

Shares of GAIN stock traded down $0.03 on Monday, hitting $11.70. The company had a trading volume of 35,871 shares, compared to its average volume of 130,847. The stock has a market cap of $384.96 million, a PE ratio of 14.27 and a beta of 0.76. Gladstone Investment Co. has a twelve month low of $8.70 and a twelve month high of $12.26.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Tuesday, February 5th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $14.97 million during the quarter, compared to analysts’ expectations of $14.24 million. Gladstone Investment had a return on equity of 6.42% and a net margin of 171.29%. As a group, research analysts expect that Gladstone Investment Co. will post 0.71 EPS for the current year.

The firm also recently declared a monthly dividend, which was paid on Thursday, January 31st. Investors of record on Friday, January 18th were issued a $0.068 dividend. The ex-dividend date was Thursday, January 17th. This represents a $0.82 dividend on an annualized basis and a yield of 6.97%. Gladstone Investment’s payout ratio is 100.00%.

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Gladstone Investment Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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

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