Janney Montgomery Scott LLC increased its holdings in Gladstone Investment Co. (NASDAQ:GAIN) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,444 shares of the investment management company’s stock after buying an additional 6,583 shares during the period. Janney Montgomery Scott LLC owned 0.57% of Gladstone Investment worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Doyle Wealth Management acquired a new stake in shares of Gladstone Investment in the third quarter valued at approximately $113,000. Tudor Investment Corp ET AL raised its position in shares of Gladstone Investment by 10.7% in the second quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock valued at $112,000 after buying an additional 1,152 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Gladstone Investment by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock valued at $176,000 after buying an additional 148 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Gladstone Investment in the third quarter valued at approximately $226,000. Finally, Royal Bank of Canada raised its position in shares of Gladstone Investment by 0.4% in the second quarter. Royal Bank of Canada now owns 24,110 shares of the investment management company’s stock valued at $227,000 after buying an additional 106 shares in the last quarter. Institutional investors own 17.58% of the company’s stock.

In other news, Director Walter H. Wilkinson acquired 5,730 shares of the stock in a transaction on Tuesday, November 28th. The stock was acquired at an average cost of $10.84 per share, for a total transaction of $62,113.20. Following the completion of the transaction, the director now directly owns 14,416 shares in the company, valued at $156,269.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by insiders.

A number of research firms have recently weighed in on GAIN. Wedbush downgraded shares of Gladstone Investment from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $10.50 to $11.00 in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine upgraded shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 4th. Finally, Jefferies Group boosted their price objective on shares of Gladstone Investment from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Gladstone Investment has a consensus rating of “Hold” and an average target price of $11.00.

Gladstone Investment Co. (GAIN) opened at $11.33 on Tuesday. Gladstone Investment Co. has a 1 year low of $8.32 and a 1 year high of $11.50. The company has a market cap of $370.47, a P/E ratio of 16.51 and a beta of 0.72.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Wednesday, November 1st. The investment management company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. The business had revenue of $13.13 million during the quarter, compared to the consensus estimate of $12.22 million. equities research analysts forecast that Gladstone Investment Co. will post 0.71 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a yield of 7.93%. Gladstone Investment’s dividend payout ratio is currently 57.78%.

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Gladstone Investment Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

Institutional Ownership by Quarter for Gladstone Investment (NASDAQ:GAIN)

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