Shares of Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $13.67 and last traded at $13.75, with a volume of 129351 shares trading hands. The stock had previously closed at $13.90.
Gladstone Investment Stock Down 0.4 %
The stock has a market cap of $505.04 million, a PE ratio of 7.14 and a beta of 0.86. The business has a 50 day moving average price of $13.40 and a 200 day moving average price of $13.45.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. On average, research analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.
Gladstone Investment Dividend Announcement
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a $0.08 dividend. The ex-dividend date was Monday, April 21st. This represents a yield of 7.08%. Gladstone Investment's dividend payout ratio is currently 50.00%.
Hedge Funds Weigh In On Gladstone Investment
A number of large investors have recently added to or reduced their stakes in GAIN. Kentucky Trust Co purchased a new stake in shares of Gladstone Investment during the fourth quarter worth about $26,000. Farther Finance Advisors LLC purchased a new position in shares of Gladstone Investment in the first quarter valued at approximately $71,000. State of Wyoming purchased a new stake in shares of Gladstone Investment during the fourth quarter worth approximately $105,000. Realta Investment Advisors acquired a new position in Gladstone Investment in the 1st quarter valued at $134,000. Finally, Cornerstone Wealth Management LLC purchased a new position in Gladstone Investment in the 4th quarter valued at $136,000. 11.85% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Investment Company Profile
(
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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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