Invesco Ltd. purchased a new stake in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 105,146 shares of the investment management company's stock, valued at approximately $1,393,000. Invesco Ltd. owned about 0.29% of Gladstone Investment as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in GAIN. Kentucky Trust Co acquired a new stake in Gladstone Investment in the 4th quarter worth $26,000. Cornerstone Wealth Management LLC acquired a new stake in Gladstone Investment during the fourth quarter worth about $136,000. Union Bancaire Privee UBP SA acquired a new stake in Gladstone Investment during the fourth quarter worth about $250,000. Jane Street Group LLC acquired a new position in Gladstone Investment in the 3rd quarter valued at approximately $253,000. Finally, Virtu Financial LLC bought a new stake in shares of Gladstone Investment in the 4th quarter worth approximately $315,000. 11.85% of the stock is currently owned by institutional investors.
Gladstone Investment Stock Performance
Shares of NASDAQ GAIN traded up $0.05 during midday trading on Tuesday, reaching $13.82. 112,434 shares of the company traded hands, compared to its average volume of 134,136. Gladstone Investment Co. has a 12 month low of $11.42 and a 12 month high of $14.85. The stock's 50-day simple moving average is $13.40 and its 200-day simple moving average is $13.45. The firm has a market cap of $509.09 million, a PE ratio of 7.20 and a beta of 0.86.
Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly 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, equities research analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current year.
Gladstone Investment Announces Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.08 per share. This represents a yield of 7.08%. The ex-dividend date was Monday, April 21st. Gladstone Investment's payout ratio is presently 50.00%.
About Gladstone Investment
(
Free Report)
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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