Jane Street Group LLC Makes New $253,000 Investment in Gladstone Investment Co. (NASDAQ:GAIN)

Jane Street Group LLC bought a new position in Gladstone Investment Co. (NASDAQ:GAIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,527 shares of the investment management company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centiva Capital LP purchased a new position in Gladstone Investment in the third quarter worth about $192,000. Paloma Partners Management Co bought a new position in shares of Gladstone Investment in the third quarter worth about $239,000. Private Advisor Group LLC raised its stake in shares of Gladstone Investment by 6.9% in the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after buying an additional 1,609 shares during the period. International Assets Investment Management LLC raised its stake in shares of Gladstone Investment by 1,345.0% in the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after buying an additional 29,456 shares during the period. Finally, United Advisor Group LLC raised its stake in shares of Gladstone Investment by 1.9% in the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after buying an additional 1,281 shares during the period. 11.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GAIN has been the topic of several recent research reports. StockNews.com raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley raised their price objective on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th.

Gladstone Investment Trading Down 1.9 %

Shares of GAIN opened at $12.72 on Friday. The business’s 50 day moving average is $13.41 and its 200 day moving average is $13.54. The company has a market capitalization of $466.68 million, a PE ratio of 12.00 and a beta of 1.30. Gladstone Investment Co. has a 12-month low of $12.46 and a 12-month high of $14.85.

Gladstone Investment 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.