Gladstone Investment Corporation Plans Monthly Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Corporation (NASDAQ:GAIN - Get Free Report) announced a monthly dividend on Thursday, July 10th, NASDAQ Dividends reports. Investors of record on Monday, July 21st will be paid a dividend of 0.08 per share by the investment management company on Thursday, July 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Monday, July 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 tumble. Equities 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 Trading Down 0.2%

Shares of GAIN traded down $0.03 during trading hours on Friday, hitting $14.10. 110,213 shares of the stock traded hands, compared to its average volume of 144,552. The business has a fifty day moving average of $14.29 and a 200-day moving average of $13.69. The firm has a market capitalization of $519.40 million, a PE ratio of 7.92 and a beta of 0.87. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $15.34.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The investment management company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. Gladstone Investment had a net margin of 69.74% and a return on equity of 7.31%. The business had revenue of $27.55 million during the quarter, compared to the consensus estimate of $24.96 million. As a group, equities research analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Gladstone Investment

A number of institutional investors have recently modified their holdings of GAIN. Focus Partners Wealth bought a new stake in Gladstone Investment in the 1st quarter valued at approximately $261,000. NewEdge Advisors LLC grew its position in Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company's stock valued at $262,000 after purchasing an additional 1,150 shares in the last quarter. Jane Street Group LLC acquired a new stake in Gladstone Investment in the 1st quarter valued at $302,000. Finally, Royal Bank of Canada boosted its stake in shares of Gladstone Investment by 6.8% during the 1st quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company's stock worth $1,010,000 after buying an additional 4,826 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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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