Gladstone Investment (NASDAQ:GAIN) Sees Strong Trading Volume – Here’s Why

Gladstone Investment Corporation (NASDAQ:GAIN) saw an uptick in trading volume on Wednesday . 470,479 shares traded hands during mid-day trading, an increase of 57% from the previous session’s volume of 298,890 shares.The stock last traded at $14.6710 and had previously closed at $16.92.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GAIN. B. Riley Financial reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research note on Friday, March 27th. Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Wall Street Zen upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Gladstone Investment has a consensus rating of “Hold”.

Gladstone Investment Trading Down 7.7%

The company has a 50 day simple moving average of $14.95 and a 200 day simple moving average of $14.26. The stock has a market capitalization of $621.62 million, a PE ratio of 5.02 and a beta of 0.81.

Gladstone Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 6.1%. Gladstone Investment’s dividend payout ratio is currently 30.87%.

Institutional Trading of Gladstone Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Greenwood Gearhart LLC purchased a new stake in Gladstone Investment during the 1st quarter valued at approximately $254,000. Independent Financial Group LLC purchased a new stake in Gladstone Investment during the 1st quarter valued at approximately $355,000. NewEdge Advisors LLC raised its stake in shares of Gladstone Investment by 5.6% during the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock worth $286,000 after buying an additional 1,084 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Gladstone Investment during the 4th quarter worth approximately $140,000. Finally, Osaic Holdings Inc. raised its stake in shares of Gladstone Investment by 395.5% during the 4th quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock worth $1,235,000 after buying an additional 70,566 shares in the last quarter. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.