Gladstone Investment Co. (NASDAQ:GAIN) Plans $0.08 Dividend

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) declared a dividend on Sunday, May 18th, investing.com reports. Shareholders of record on Thursday, May 22nd will be given a dividend of 0.08 per share by the investment management company on Friday, May 30th. This represents a yield of 6.53%. The ex-dividend date is Wednesday, May 21st.

Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Price Performance

NASDAQ:GAIN traded up $0.21 during midday trading on Friday, reaching $14.70. The stock had a trading volume of 153,867 shares, compared to its average volume of 135,210. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $14.85. The stock has a market capitalization of $541.50 million, a P/E ratio of 7.66 and a beta of 0.86. The firm's fifty day simple moving average is $13.50 and its 200-day simple moving average is $13.46.

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 the consensus estimate 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 analysts' expectations of $24.96 million. On average, equities research analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gladstone Investment stock. Royal Bank of Canada lifted its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,638 shares of the investment management company's stock after purchasing an additional 4,826 shares during the quarter. Royal Bank of Canada owned 0.21% of Gladstone Investment worth $1,010,000 as of its most recent SEC filing. 11.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Gladstone Investment in a research report on Wednesday.

About Gladstone Investment

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.