Gladstone Investment (NASDAQ:GAIN) Hits New 52-Week Low - What's Next?

Shares of Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $13.67 and last traded at $13.75, with a volume of 129351 shares changing hands. The stock had previously closed at $13.90.

Gladstone Investment Price Performance

The firm has a market capitalization of $515.35 million, a PE ratio of 7.29 and a beta of 1.12. The firm has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $13.46.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Equities analysts expect that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were issued a $0.08 dividend. This represents a yield of 7.08%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Investment's dividend payout ratio is currently 50.00%.

Institutional Trading of Gladstone Investment

Several institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp boosted its holdings in shares of Gladstone Investment by 1.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 90,418 shares of the investment management company's stock valued at $1,198,000 after purchasing an additional 873 shares during the last quarter. Albert D Mason Inc. lifted its holdings in shares of Gladstone Investment by 2.7% in the 1st quarter. Albert D Mason Inc. now owns 51,241 shares of the investment management company's stock worth $685,000 after acquiring an additional 1,332 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Gladstone Investment by 4.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,065 shares of the investment management company's stock worth $451,000 after purchasing an additional 1,365 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Gladstone Investment by 15.6% during the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company's stock valued at $158,000 after buying an additional 1,600 shares during the last quarter. Finally, Kentucky Trust Co bought a new position in Gladstone Investment in the 4th quarter valued at $26,000. Hedge funds and other institutional investors 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.