Gladstone Investment Co. (NASDAQ:GAIN) Holdings Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 67.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,842 shares of the investment management company's stock after selling 95,300 shares during the quarter. Two Sigma Advisers LP owned about 0.13% of Gladstone Investment worth $621,000 as of its most recent filing with the SEC.

A number of other institutional investors 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 stake in shares of Gladstone Investment during the 4th quarter worth about $1,393,000. Raymond James Financial Inc. purchased a new stake in shares of Gladstone Investment during the 4th quarter worth about $651,000. Melia Wealth LLC grew its holdings in shares of Gladstone Investment by 3.6% during the 4th quarter. Melia Wealth LLC now owns 1,044,421 shares of the investment management company's stock worth $13,839,000 after purchasing an additional 36,298 shares during the period. Finally, Van ECK Associates Corp grew its holdings 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 worth $12,327,000 after purchasing an additional 32,678 shares during the period. Hedge funds and other institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Down 1.3%

Shares of GAIN traded down $0.19 during trading on Friday, reaching $13.91. The company's stock had a trading volume of 159,797 shares, compared to its average volume of 140,576. The company has a fifty day moving average of $13.90 and a two-hundred day moving average of $13.58. Gladstone Investment Co. has a twelve month low of $11.42 and a twelve month high of $15.34. The company has a market cap of $512.40 million, a price-to-earnings ratio of 7.24 and a beta of 0.89.

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

Gladstone Investment Announces Dividend

The company 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 dividend yield of 6.55%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Investment's dividend payout ratio is currently 53.93%.

Analyst Ratings Changes

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