Gladstone Investment (NASDAQ:GAIN) Sees Strong Trading Volume – Here’s What Happened

Gladstone Investment Corporation (NASDAQ:GAIN) saw strong trading volume on Thursday . 909,936 shares changed hands during mid-day trading, an increase of 334% from the previous session’s volume of 209,574 shares.The stock last traded at $14.0960 and had previously closed at $13.65.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Gladstone Investment in a research note on Monday, December 22nd. B. Riley Financial reaffirmed a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Finally, Zacks Research upgraded shares of Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Gladstone Investment Trading Up 3.6%

The firm has a market capitalization of $563.25 million, a P/E ratio of 4.55 and a beta of 0.82. The company’s fifty day moving average is $13.87 and its 200-day moving average is $13.90.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data 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). The business had revenue of $25.06 million for the quarter, compared to analyst estimates of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. On average, equities research analysts anticipate that Gladstone Investment Corporation will post 0.96 EPS for the current year.

Gladstone Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 6.8%. Gladstone Investment’s dividend payout ratio is 30.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GAIN. UBS Group AG lifted its stake in shares of Gladstone Investment by 89.6% in the third quarter. UBS Group AG now owns 484,848 shares of the investment management company’s stock valued at $6,701,000 after buying an additional 229,192 shares during the period. PFG Advisors increased its stake in Gladstone Investment by 206.0% during the fourth quarter. PFG Advisors now owns 305,248 shares of the investment management company’s stock valued at $4,264,000 after acquiring an additional 205,504 shares during the period. Osaic Holdings Inc. raised its holdings in Gladstone Investment by 395.5% in the 4th quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock valued at $1,235,000 after acquiring an additional 70,566 shares in the last quarter. Melia Wealth LLC lifted its position in shares of Gladstone Investment by 5.7% in the 3rd quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock worth $16,551,000 after acquiring an additional 64,564 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Gladstone Investment in the 2nd quarter worth approximately $735,000. Institutional investors own 11.85% of the company’s stock.

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.