Private Advisor Group LLC Decreases Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Private Advisor Group LLC lessened its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,573 shares of the investment management company’s stock after selling 9,228 shares during the period. Private Advisor Group LLC’s holdings in Gladstone Investment were worth $206,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GAIN. International Assets Investment Management LLC increased its holdings in Gladstone Investment by 1,345.0% during 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 last quarter. Advisors Asset Management Inc. increased its stake in shares of Gladstone Investment by 12.1% in 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. Paloma Partners Management Co purchased a new position in shares of Gladstone Investment in the third quarter worth about $239,000. Centiva Capital LP purchased a new position in shares of Gladstone Investment in the third quarter worth about $192,000. Finally, Jane Street Group LLC purchased a new position in shares of Gladstone Investment in the third quarter worth about $253,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Performance

Shares of GAIN opened at $13.30 on Friday. The firm has a market cap of $489.93 million, a price-to-earnings ratio of 6.93 and a beta of 1.30. Gladstone Investment Co. has a fifty-two week low of $12.46 and a fifty-two week high of $14.85. The firm has a 50 day moving average price of $13.40 and a 200-day moving average price of $13.47.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, equities research analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GAIN. B. Riley lifted their target price 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. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

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.