Private Advisor Group LLC Has $358,000 Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Private Advisor Group LLC raised its position in Gladstone Investment Co. (NASDAQ:GAIN) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,801 shares of the investment management company’s stock after acquiring an additional 1,609 shares during the period. Private Advisor Group LLC owned approximately 0.07% of Gladstone Investment worth $358,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of Gladstone Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company’s stock valued at $2,312,000 after buying an additional 10,018 shares during the last quarter. Garner Asset Management Corp boosted its position in Gladstone Investment by 9.1% in the first quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock worth $588,000 after purchasing an additional 3,451 shares during the last quarter. Virtu Financial LLC purchased a new position in Gladstone Investment in the first quarter worth $198,000. Van ECK Associates Corp raised its stake in shares of Gladstone Investment by 20.0% in the second quarter. Van ECK Associates Corp now owns 845,074 shares of the investment management company’s stock valued at $11,814,000 after buying an additional 140,723 shares during the period. Finally, Drive Wealth Management LLC bought a new stake in shares of Gladstone Investment in the second quarter valued at $174,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Stock Up 1.7 %

NASDAQ:GAIN opened at $13.40 on Wednesday. The business’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $13.76. Gladstone Investment Co. has a twelve month low of $12.46 and a twelve month high of $14.96. The stock has a market cap of $491.65 million, a P/E ratio of 6.57 and a beta of 1.33.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $22.18 million for the quarter, compared to the consensus estimate of $24.27 million. Gladstone Investment had a net margin of 78.48% and a return on equity of 7.20%. During the same quarter last year, the company posted $0.25 earnings per share. On average, equities research analysts expect that Gladstone Investment Co. will post 1 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 annualized dividend and a yield of 7.16%. Gladstone Investment’s payout ratio is 47.06%.

Analyst Ratings Changes

Several brokerages have issued reports on GAIN. B. Riley lowered their target price on Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut Gladstone Investment from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th.

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.