Two Sigma Investments LP lowered its stake in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 59.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,427 shares of the investment management company's stock after selling 88,884 shares during the period. Two Sigma Investments LP owned approximately 0.17% of Gladstone Investment worth $814,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of GAIN. Melia Wealth LLC boosted its stake in shares of Gladstone Investment by 3.6% in 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 buying an additional 36,298 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Gladstone Investment by 3.6% in the fourth 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. LPL Financial LLC boosted its stake in shares of Gladstone Investment by 17.8% in the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock valued at $2,518,000 after buying an additional 28,660 shares in the last quarter. Blair William & Co. IL boosted its stake 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 valued at $2,143,000 after buying an additional 4,552 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter valued at approximately $1,431,000. Institutional investors and hedge funds own 11.85% of the company's stock.
Gladstone Investment Price Performance
Shares of NASDAQ GAIN opened at $13.91 on Friday. The company has a market capitalization of $512.40 million, a price-to-earnings ratio of 7.24 and a beta of 0.89. Gladstone Investment Co. has a 1-year low of $11.42 and a 1-year high of $15.34. The business has a 50-day moving average of $13.90 and a 200-day moving average of $13.58.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, beating 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 expect that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.
Gladstone Investment Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.08 per share. This represents a dividend yield of 6.55%. The ex-dividend date was Wednesday, May 21st. Gladstone Investment's payout ratio is 53.93%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Citigroup cut Gladstone Investment to a "neutral" rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th.
View Our Latest Report on GAIN
About Gladstone Investment
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gladstone Investment Co. (NASDAQ:GAIN - Free Report).
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