Gladstone Investment Co. (NASDAQ:GAIN) to Issue $0.08 Monthly Dividend

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) declared a monthly dividend on Tuesday, April 8th, investing.com reports. Stockholders of record on Wednesday, June 4th will be given a dividend of 0.08 per share by the investment management company on Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Wednesday, June 4th.

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 fall. 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 $0.06 during trading hours on Friday, hitting $14.68. The company's stock had a trading volume of 70,130 shares, compared to its average volume of 135,766. Gladstone Investment has a twelve month low of $11.42 and a twelve month high of $15.00. The stock has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $13.50. The company has a market capitalization of $540.77 million, a P/E ratio of 7.65 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted 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. The firm had revenue of $27.55 million during the quarter, compared to analysts' expectations of $24.96 million. Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, equities analysts predict that Gladstone Investment will post 0.96 EPS for the current fiscal year.

Institutional Trading of Gladstone Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth bought a new position in Gladstone Investment in the 1st quarter valued at approximately $261,000. NewEdge Advisors LLC increased its position in Gladstone Investment by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company's stock valued at $262,000 after acquiring an additional 1,150 shares during the period. Jane Street Group LLC acquired a new position in Gladstone Investment in the 1st quarter valued at approximately $302,000. Finally, Royal Bank of Canada raised its stake in shares of Gladstone Investment by 6.8% during the first quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company's stock valued at $1,010,000 after acquiring an additional 4,826 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GAIN has been the topic of a number of research analyst reports. Citigroup lowered shares of Gladstone Investment to a "neutral" rating in a research report on Wednesday, May 14th. LADENBURG THALM/SH SH reissued a "neutral" rating on shares of Gladstone Investment in a report 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.