51,752 Shares in Gladstone Investment Co. (NASDAQ:GAIN) Bought by Ameriflex Group Inc.

Ameriflex Group Inc. bought a new stake in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 51,752 shares of the investment management company's stock, valued at approximately $699,000. Ameriflex Group Inc. owned 0.14% of Gladstone Investment at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GAIN. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Gladstone Investment during the 4th quarter worth about $1,431,000. Invesco Ltd. purchased a new position in Gladstone Investment in the 4th quarter valued at about $1,393,000. Raymond James Financial Inc. purchased a new position in Gladstone Investment in the 4th quarter valued at about $651,000. Melia Wealth LLC lifted its stake in Gladstone Investment by 3.6% in the 4th quarter. Melia Wealth LLC now owns 1,044,421 shares of the investment management company's stock valued at $13,839,000 after buying an additional 36,298 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Gladstone Investment by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company's stock valued at $12,327,000 after buying an additional 32,678 shares in the last quarter. 11.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Citigroup lowered shares of Gladstone Investment to a "neutral" rating in a research note on Wednesday, May 14th.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN traded down $0.06 during midday trading on Friday, reaching $15.06. 167,927 shares of the stock were exchanged, compared to its average volume of 136,846. The company has a 50 day simple moving average of $13.76 and a 200 day simple moving average of $13.54. The stock has a market capitalization of $554.77 million, a P/E ratio of 7.85 and a beta of 0.86. Gladstone Investment Co. has a twelve month low of $11.42 and a twelve month high of $15.26.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its earnings results on Tuesday, May 13th. The investment management company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. The firm had revenue of $27.55 million during the quarter, compared to the consensus estimate of $24.96 million. On average, research analysts expect that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, May 21st. This represents a dividend yield of 6.55%. Gladstone Investment's dividend payout ratio (DPR) is currently 53.93%.

Gladstone Investment Company Profile

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.