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

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) announced a monthly dividend on Friday, July 11th, Wall Street Journal reports. Shareholders of record on Monday, September 22nd will be paid a dividend of 0.08 per share by the investment management company on Tuesday, September 30th. This represents a $0.96 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Monday, September 22nd.

Gladstone Investment has a payout ratio of 91.4% meaning 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 Stock Up 0.1%

GAIN stock traded up $0.02 during trading on Monday, reaching $14.12. The stock had a trading volume of 189,313 shares, compared to its average volume of 144,976. Gladstone Investment has a one year low of $11.42 and a one year high of $15.34. The company's 50 day moving average is $14.29 and its two-hundred day moving average is $13.70. The company has a market capitalization of $520.14 million, a price-to-earnings ratio of 7.93 and a beta of 0.87.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released 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 company had revenue of $27.55 million for the quarter, compared to analysts' expectations of $24.96 million. Gladstone Investment had a return on equity of 7.31% and a net margin of 69.74%. As a group, research analysts predict that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GAIN. LADENBURG THALM/SH SH reissued a "neutral" rating on shares of Gladstone Investment in a research report on Wednesday, May 14th. B. Riley raised shares of Gladstone Investment to a "hold" rating in a research report on Monday, June 16th. Finally, Citigroup lowered shares of Gladstone Investment to a "neutral" rating in a research report on Wednesday, May 14th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth bought a new position in shares of Gladstone Investment in the first quarter worth $261,000. NewEdge Advisors LLC increased its holdings in shares of Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company's stock worth $262,000 after purchasing an additional 1,150 shares during the period. Jane Street Group LLC bought a new position in shares of Gladstone Investment in the first quarter worth $302,000. Finally, Royal Bank of Canada increased its holdings in shares of Gladstone Investment by 6.8% in the first quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company's stock worth $1,010,000 after purchasing an additional 4,826 shares during the period. Institutional investors own 11.85% of the company's stock.

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.