Janney Montgomery Scott LLC Sells 1,591 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Janney Montgomery Scott LLC cut its position in Gladstone Investment Co. (NASDAQ:GAIN) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,361 shares of the investment management company’s stock after selling 1,591 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Gladstone Investment worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GAIN. Van ECK Associates Corp increased its stake in Gladstone Investment by 6.2% in the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after buying an additional 52,594 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Gladstone Investment by 12.1% during the third quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock worth $2,304,000 after purchasing an additional 17,209 shares in the last quarter. United Advisor Group LLC grew its position in shares of Gladstone Investment by 1.9% during the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after purchasing an additional 1,281 shares in the last quarter. International Assets Investment Management LLC raised its stake in Gladstone Investment by 1,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock valued at $457,000 after purchasing an additional 29,456 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Gladstone Investment by 6.9% in the 3rd quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after purchasing an additional 1,609 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors.

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $13.48 on Wednesday. The company has a market cap of $494.58 million, a price-to-earnings ratio of 12.72 and a beta of 1.30. Gladstone Investment Co. has a 1 year low of $12.46 and a 1 year high of $14.85. The stock’s 50 day simple moving average is $13.31 and its two-hundred day simple moving average is $13.42.

Gladstone Investment Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a dividend of $0.08 per share. This represents a yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s payout ratio is 90.57%.

Wall Street Analysts Forecast Growth

GAIN has been the subject of a number of research analyst reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley boosted their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

About Gladstone Investment

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.