Gladstone Investment Corporation $GAIN Shares Purchased by Realta Investment Advisors

Key Points

• Realta Investment Advisors significantly increased its stake in Gladstone Investment Corporation by 322.3%, owning a total of 42,227 shares valued at approximately $603,000 by the end of the second quarter.
• Gladstone Investment recently reported earnings per share of $0.24, slightly exceeding analysts' estimates, with a strong net margin of 83.78% and revenue of $23.54 million.
• The company has a current consensus rating of "Hold" from analysts, with a price target set at $13.50.

Realta Investment Advisors grew its stake in shares of Gladstone Investment Corporation (NASDAQ:GAIN - Free Report) by 322.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,227 shares of the investment management company's stock after acquiring an additional 32,227 shares during the period. Realta Investment Advisors owned about 0.11% of Gladstone Investment worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Gladstone Investment by 37,400.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company's stock valued at $40,000 after acquiring an additional 2,992 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Gladstone Investment during the 1st quarter valued at approximately $71,000. Geneos Wealth Management Inc. acquired a new stake in shares of Gladstone Investment during the 1st quarter valued at approximately $113,000. Hardy Reed LLC acquired a new stake in shares of Gladstone Investment during the 1st quarter valued at approximately $136,000. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Gladstone Investment by 15.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company's stock valued at $158,000 after acquiring an additional 1,600 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GAIN. Weiss Ratings reiterated a "buy (b-)" rating on shares of Gladstone Investment in a research report on Saturday, September 27th. B. Riley upgraded shares of Gladstone Investment to a "hold" rating in a research report on Monday, June 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.50.

Gladstone Investment Stock Down 0.1%

Shares of NASDAQ GAIN opened at $13.95 on Friday. Gladstone Investment Corporation has a 52-week low of $11.42 and a 52-week high of $15.34. The firm has a fifty day moving average of $14.06 and a 200-day moving average of $13.98. The stock has a market capitalization of $533.17 million, a PE ratio of 6.43 and a beta of 0.93.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. The company had revenue of $23.54 million during the quarter, compared to analysts' expectations of $23.87 million. Equities research analysts expect that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 21st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) annualized dividend and a dividend yield of 6.9%. Gladstone Investment's payout ratio is currently 44.24%.

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.

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