D. E. Shaw & Co. Inc. Takes $234,000 Position in Gladstone Investment Co. (NASDAQ:GAIN)

D. E. Shaw & Co. Inc. purchased a new position in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,634 shares of the investment management company's stock, valued at approximately $234,000.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Gladstone Investment by 17.8% in the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock worth $2,518,000 after acquiring an additional 28,660 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Gladstone Investment in the fourth quarter worth about $651,000. Invesco Ltd. acquired a new stake in Gladstone Investment in the fourth quarter worth about $1,393,000. Union Bancaire Privee UBP SA acquired a new stake in Gladstone Investment in the fourth quarter worth about $250,000. Finally, Virtu Financial LLC acquired a new stake in Gladstone Investment in the fourth quarter worth about $315,000. Institutional investors and hedge funds own 11.85% of the company's stock.

Gladstone Investment Stock Down 0.5%

Shares of Gladstone Investment stock traded down $0.07 on Friday, reaching $15.05. 239,436 shares of the stock were exchanged, compared to its average volume of 137,390. Gladstone Investment Co. has a twelve month low of $11.42 and a twelve month high of $15.25. The firm has a market capitalization of $554.40 million, a price-to-earnings ratio of 7.84 and a beta of 0.86. The business has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $13.55.

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

Gladstone Investment Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were given a dividend of $0.08 per share. This represents a yield of 6.55%. The ex-dividend date was Wednesday, May 21st. Gladstone Investment's dividend payout ratio is currently 53.93%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup downgraded Gladstone Investment to a "neutral" rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH reaffirmed a "neutral" rating on shares of Gladstone Investment in a report on Wednesday, May 14th.

Gladstone Investment 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.