Gladstone Investment Co. (NASDAQ:GAIN) to Issue Monthly Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.08 per share by the investment management company on Tuesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date is Thursday, April 18th.

Gladstone Investment has raised its dividend payment by an average of 4.6% per year over the last three years. Gladstone Investment has a dividend payout ratio of 86.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 91.4%.

Gladstone Investment Stock Down 0.4 %

Gladstone Investment stock opened at $13.87 on Tuesday. The company has a market capitalization of $508.89 million, a P/E ratio of 6.97 and a beta of 1.36. The stock’s 50 day moving average is $13.98 and its 200 day moving average is $14.00. Gladstone Investment has a twelve month low of $12.14 and a twelve month high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, February 6th. The investment management company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Gladstone Investment had a net margin of 80.68% and a return on equity of 7.79%. The business had revenue of $23.08 million for the quarter, compared to analysts’ expectations of $24.04 million. As a group, equities analysts expect that Gladstone Investment will post 1.01 EPS for the current year.

Institutional Trading of Gladstone Investment

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Gladstone Investment by 103.7% during the 1st quarter. Bank of America Corp DE now owns 2,037 shares of the investment management company’s stock valued at $27,000 after buying an additional 1,037 shares during the period. Lazard Asset Management LLC bought a new position in shares of Gladstone Investment during the 1st quarter valued at $30,000. JPMorgan Chase & Co. bought a new position in shares of Gladstone Investment during the 2nd quarter valued at $49,000. BNP Paribas Financial Markets bought a new position in shares of Gladstone Investment during the 4th quarter valued at $49,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Gladstone Investment by 217.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,766 shares of the investment management company’s stock valued at $76,000 after buying an additional 3,952 shares during the period. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.