International Assets Investment Management LLC Makes New $2.04 Million Investment in Gladstone Investment Co. (NASDAQ:GAIN)

International Assets Investment Management LLC acquired a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 144,189 shares of the investment management company's stock, valued at approximately $2,040,000. International Assets Investment Management LLC owned about 0.43% of Gladstone Investment at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Gladstone Investment by 7.5% in the 3rd quarter. Van ECK Associates Corp now owns 559,626 shares of the investment management company's stock valued at $7,130,000 after acquiring an additional 38,921 shares during the last quarter. Millennium Management LLC raised its holdings in Gladstone Investment by 495.9% in the 4th quarter. Millennium Management LLC now owns 489,618 shares of the investment management company's stock valued at $6,321,000 after acquiring an additional 407,451 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Gladstone Investment by 5.5% in the 1st quarter. Advisors Asset Management Inc. now owns 309,476 shares of the investment management company's stock valued at $4,992,000 after acquiring an additional 16,095 shares during the last quarter. BlackRock Inc. raised its holdings in Gladstone Investment by 6.5% in the 3rd quarter. BlackRock Inc. now owns 259,901 shares of the investment management company's stock valued at $3,144,000 after acquiring an additional 15,750 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Gladstone Investment by 2.0% in the 4th quarter. Legal & General Group Plc now owns 217,552 shares of the investment management company's stock valued at $2,805,000 after acquiring an additional 4,166 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Price Performance

GAIN traded up $0.08 during trading on Friday, hitting $14.04. The company's stock had a trading volume of 111,036 shares, compared to its average volume of 105,739. The firm's 50 day moving average price is $14.00 and its 200-day moving average price is $14.03. The stock has a market cap of $515.13 million, a PE ratio of 7.06 and a beta of 1.36. Gladstone Investment Co. has a twelve month low of $12.14 and a twelve month high of $14.96.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Gladstone Investment had a net margin of 80.68% and a return on equity of 7.79%. The business had revenue of $23.08 million during the quarter, compared to analyst estimates of $24.04 million. Equities analysts anticipate that Gladstone Investment Co. will post 1.01 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.96 annualized dividend and a dividend yield of 6.84%. Gladstone Investment's dividend payout ratio is presently 48.24%.

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.