Van ECK Associates Corp Purchases 58,934 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Van ECK Associates Corp raised its position in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,560 shares of the investment management company's stock after buying an additional 58,934 shares during the quarter. Van ECK Associates Corp owned about 1.82% of Gladstone Investment worth $8,753,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC raised its stake in Gladstone Investment by 5.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 102,491 shares of the investment management company's stock worth $1,450,000 after acquiring an additional 5,047 shares during the period. Signaturefd LLC increased its holdings in shares of Gladstone Investment by 612.6% during the fourth quarter. Signaturefd LLC now owns 2,772 shares of the investment management company's stock valued at $39,000 after purchasing an additional 2,383 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Gladstone Investment in the 4th quarter worth approximately $2,040,000. Strategic Financial Concepts LLC acquired a new stake in Gladstone Investment in the fourth quarter worth approximately $218,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Gladstone Investment in the 4th quarter worth $247,000. Institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Performance

NASDAQ GAIN traded up $0.08 on Friday, reaching $14.30. The company's stock had a trading volume of 49,735 shares, compared to its average volume of 90,382. The firm's 50 day moving average is $14.00 and its two-hundred day moving average is $14.14. The stock has a market cap of $524.67 million, a PE ratio of 7.19 and a beta of 1.33. 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 released its quarterly earnings data 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 return on equity of 7.79% and a net margin of 80.68%. The company had revenue of $23.08 million for the quarter, compared to the consensus estimate of $24.04 million. Equities research analysts anticipate that Gladstone Investment Co. will post 1.01 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Investment's dividend payout ratio is currently 48.24%.

Gladstone Investment 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.