Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Down 0.8% – Time to Sell?

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) traded down 0.8% during mid-day trading on Monday . The company traded as low as $24.01 and last traded at $24.01. 2,508 shares were traded during mid-day trading, a decline of 48% from the average session volume of 4,861 shares. The stock had previously closed at $24.20.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.8%

The company has a fifty day moving average price of $23.98 and a two-hundred day moving average price of $24.02.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were paid a dividend of $0.3047 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.1%.

About Gladstone Investment Co. 4.875% Notes due 2028

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.