D. E. Shaw & Co. Inc. Acquires Shares of 17,634 Gladstone Investment Co. (NASDAQ:GAIN)

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

Other hedge funds have also added to or reduced their stakes in the company. Melia Wealth LLC grew its stake in Gladstone Investment by 3.6% during the fourth quarter. Melia Wealth LLC now owns 1,044,421 shares of the investment management company's stock valued at $13,839,000 after acquiring an additional 36,298 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Gladstone Investment by 3.6% during 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 purchasing an additional 32,678 shares in the last quarter. LPL Financial LLC grew its position in shares of Gladstone Investment by 17.8% during the 4th quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock valued at $2,518,000 after purchasing an additional 28,660 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Gladstone Investment by 2.9% in the fourth quarter. Blair William & Co. IL now owns 161,745 shares of the investment management company's stock worth $2,143,000 after purchasing an additional 4,552 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter worth $1,431,000. Hedge funds and other institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Performance

GAIN traded down $0.07 during trading on Friday, reaching $15.05. The stock had a trading volume of 239,436 shares, compared to its average volume of 137,124. The business has a 50-day moving average of $13.76 and a 200-day moving average of $13.54. Gladstone Investment Co. has a one year low of $11.42 and a one year high of $15.26. The stock has a market cap of $554.40 million, a PE ratio of 7.84 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued 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 net margin of 78.02% and a return on equity of 7.17%. The company had revenue of $27.55 million for the quarter, compared to analysts' expectations of $24.96 million. Equities research analysts forecast that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on GAIN shares. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Citigroup downgraded shares of Gladstone Investment to a "neutral" rating in a research note on Wednesday, May 14th.

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.