Gladstone Investment Corporation (GAIN) to Issue Monthly Dividend of $0.08 on February 27th

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.08 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, February 18th.

Gladstone Investment has increased its dividend by an average of 0.1%annually over the last three years. Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

Gladstone Investment stock opened at $13.98 on Monday. Gladstone Investment has a 1 year low of $11.42 and a 1 year high of $15.34. The firm has a 50 day moving average price of $13.90 and a 200 day moving average price of $13.94. The company has a market cap of $556.68 million, a price-to-earnings ratio of 4.50 and a beta of 0.84.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%.The firm had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $25.83 million. Sell-side analysts predict that Gladstone Investment will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GAIN. Kestra Advisory Services LLC acquired a new position in Gladstone Investment in the 4th quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of Gladstone Investment during the fourth quarter worth about $31,000. First Horizon Advisors Inc. acquired a new position in shares of Gladstone Investment in the second quarter worth about $32,000. Allworth Financial LP lifted its stake in shares of Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after acquiring an additional 5,017 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,804 shares during the last quarter. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.