Raymond James Financial Inc. Invests $651,000 in Gladstone Investment Co. (NASDAQ:GAIN)

Raymond James Financial Inc. bought a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,095 shares of the investment management company's stock, valued at approximately $651,000. Raymond James Financial Inc. owned approximately 0.13% of Gladstone Investment as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in GAIN. Union Bancaire Privee UBP SA acquired a new position in shares of Gladstone Investment in the 4th quarter valued at $250,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Gladstone Investment in the fourth quarter worth about $1,431,000. Van ECK Associates Corp increased its position in shares of Gladstone Investment by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company's stock worth $12,327,000 after acquiring an additional 32,678 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of Gladstone Investment during the fourth quarter valued at approximately $26,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $136,000. Institutional investors and hedge funds own 11.85% of the company's stock.

Gladstone Investment Price Performance

NASDAQ GAIN traded up $0.55 on Friday, hitting $13.25. 159,160 shares of the stock were exchanged, compared to its average volume of 131,868. The company's 50-day moving average price is $13.37 and its two-hundred day moving average price is $13.49. The company has a market capitalization of $488.09 million, a price-to-earnings ratio of 6.90 and a beta of 1.12. Gladstone Investment Co. has a 52-week low of $11.42 and a 52-week high of $14.85.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates 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 predict that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Monday, April 21st. Gladstone Investment's dividend payout ratio (DPR) is 50.00%.

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.