Gladstone Investment Co. (NASDAQ:GAIN) Announces Dividend of $0.08

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Monday, May 19th, investing.com reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.08 per share by the investment management company on Friday, May 30th. This represents a dividend yield of 6.44%. The ex-dividend date of this dividend is Wednesday, May 21st.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Up 1.4%

Gladstone Investment stock traded up $0.21 during mid-day trading on Monday, hitting $14.91. 159,854 shares of the company’s stock were exchanged, compared to its average volume of 135,308. The firm has a market capitalization of $549.24 million, a P/E ratio of 7.77 and a beta of 0.86. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $14.95. The company’s 50 day simple moving average is $13.50 and its 200-day simple moving average is $13.46.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. The firm had revenue of $27.55 million for the quarter, compared to the consensus estimate of $24.96 million. Research analysts expect that Gladstone Investment will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Gladstone Investment in the first quarter valued at approximately $302,000. Royal Bank of Canada lifted its holdings in Gladstone Investment by 6.8% in the 1st quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock worth $1,010,000 after buying an additional 4,826 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Gladstone Investment by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock worth $262,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors own 11.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GAIN shares. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Gladstone Investment in a report on Wednesday, May 14th. Citigroup lowered Gladstone Investment to a “neutral” rating in a report on Wednesday, May 14th.

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.