Gladstone Investment (NASDAQ:GAIN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Gladstone Investment Co. (NASDAQ:GAIN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.52 and traded as high as $13.66. Gladstone Investment shares last traded at $13.62, with a volume of 51,910 shares.

Gladstone Investment Stock Performance

The stock has a 50 day moving average of $13.50 and a two-hundred day moving average of $13.52. The stock has a market cap of $501.72 million, a PE ratio of 7.09 and a beta of 1.28.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a $0.08 dividend. This represents a dividend yield of 7.18%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Investment’s dividend payout ratio is 50.00%.

Institutional Trading of Gladstone Investment

Several large investors have recently modified their holdings of the company. Paloma Partners Management Co acquired a new position in Gladstone Investment during the 3rd quarter worth $239,000. Centiva Capital LP acquired a new position in shares of Gladstone Investment during the 3rd quarter worth about $192,000. Jane Street Group LLC acquired a new stake in Gladstone Investment in the 3rd quarter valued at approximately $253,000. Cornerstone Wealth Management LLC bought a new position in Gladstone Investment in the 4th quarter worth approximately $136,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Gladstone Investment during the fourth quarter worth approximately $250,000. 11.85% of the stock is owned by institutional investors.

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.