49,095 Shares in Gladstone Investment Co. (NASDAQ:GAIN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 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 & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new position in Gladstone Investment in the fourth quarter valued at approximately $1,431,000. Invesco Ltd. acquired a new stake in shares of Gladstone Investment in the 4th quarter worth about $1,393,000. Van ECK Associates Corp increased its stake 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 valued at $12,327,000 after purchasing an additional 32,678 shares during the period. LPL Financial LLC boosted its position in shares of Gladstone Investment by 17.8% during the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company's stock worth $2,518,000 after buying an additional 28,660 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Gladstone Investment during the 4th quarter worth about $315,000. Institutional investors and hedge funds own 11.85% of the company's stock.

Gladstone Investment Trading Up 0.7%

NASDAQ:GAIN traded up $0.10 during mid-day trading on Tuesday, reaching $14.14. 38,451 shares of the stock were exchanged, compared to its average volume of 124,910. The firm has a market capitalization of $520.88 million, a PE ratio of 7.36 and a beta of 0.86. Gladstone Investment Co. has a 1-year low of $11.42 and a 1-year high of $14.85. The business has a fifty day moving average price of $13.42 and a 200 day moving average price of $13.44.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders 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 (DPR) is presently 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.