Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 4,861 shares, an increase of 375.2% from the December 15th total of 1,023 shares. Based on an average trading volume of 4,486 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 4,486 shares, the short-interest ratio is presently 1.1 days.
Gladstone Investment Co. 4.875% Notes due 2028 Trading Up 0.6%
Shares of NASDAQ:GAINZ traded up $0.15 during trading on Tuesday, reaching $24.23. The company had a trading volume of 10,660 shares, compared to its average volume of 5,637. Gladstone Investment Co. 4.875% Notes due 2028 has a fifty-two week low of $22.21 and a fifty-two week high of $24.18. The stock’s fifty day moving average price is $23.91 and its 200 day moving average price is $23.74.
Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were issued a dividend of $0.3047 per share. This represents a $1.22 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, October 15th.
Gladstone Investment Co. 4.875% Notes due 2028 Company Profile
Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.
Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.
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