Gladstone Investment (NASDAQ:GAIN) Sets New 52-Week High - Here's What Happened

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $15.32 and last traded at $15.26, with a volume of 228777 shares. The stock had previously closed at $15.05.

Analyst Ratings Changes

GAIN has been the subject of a number of analyst reports. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Citigroup cut shares of Gladstone Investment to a "neutral" rating in a research note on Wednesday, May 14th.

Gladstone Investment Price Performance

The firm's 50 day moving average price is $13.86 and its 200-day moving average price is $13.57. The firm has a market cap of $530.08 million, a price-to-earnings ratio of 7.49 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. The company had revenue of $27.55 million for the quarter, compared to the consensus estimate of $24.96 million. Analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current 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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 6.55%. Gladstone Investment's dividend payout ratio is 53.93%.

Institutional Trading of Gladstone Investment

Several institutional investors have recently modified their holdings of GAIN. Kentucky Trust Co acquired a new position in shares of Gladstone Investment in the fourth quarter valued at $26,000. Van ECK Associates Corp raised its stake in shares of Gladstone Investment by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company's stock valued at $12,327,000 after buying an additional 32,678 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Gladstone Investment in the 4th quarter valued at $1,431,000. Union Bancaire Privee UBP SA bought a new position in shares of Gladstone Investment during the 4th quarter worth about $250,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Gladstone Investment during the 4th quarter valued at about $651,000. Institutional investors and hedge funds own 11.85% of the company's stock.

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.