Legacy Capital Wealth Partners LLC Has $1.45 Million Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Legacy Capital Wealth Partners LLC boosted its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,491 shares of the investment management company’s stock after purchasing an additional 5,047 shares during the quarter. Legacy Capital Wealth Partners LLC owned 0.30% of Gladstone Investment worth $1,450,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GAIN. Private Advisor Group LLC increased its holdings in Gladstone Investment by 19.5% in the 3rd quarter. Private Advisor Group LLC now owns 16,170 shares of the investment management company’s stock valued at $206,000 after buying an additional 2,635 shares during the period. Virtus ETF Advisers LLC increased its holdings in Gladstone Investment by 120.3% in the 3rd quarter. Virtus ETF Advisers LLC now owns 37,631 shares of the investment management company’s stock valued at $479,000 after buying an additional 20,549 shares during the period. Van ECK Associates Corp increased its holdings in Gladstone Investment by 7.5% in the 3rd quarter. Van ECK Associates Corp now owns 559,626 shares of the investment management company’s stock valued at $7,130,000 after buying an additional 38,921 shares during the period. WINTON GROUP Ltd bought a new stake in Gladstone Investment in the 3rd quarter valued at $369,000. Finally, Belpointe Asset Management LLC increased its holdings in Gladstone Investment by 5.5% in the 3rd quarter. Belpointe Asset Management LLC now owns 40,507 shares of the investment management company’s stock valued at $516,000 after buying an additional 2,118 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Stock Up 0.4 %

Gladstone Investment stock traded up $0.06 on Friday, hitting $14.19. The company’s stock had a trading volume of 104,426 shares, compared to its average volume of 94,400. The firm has a market cap of $520.62 million, a P/E ratio of 7.13 and a beta of 1.36. The company has a fifty day moving average price of $14.01 and a 200-day moving average price of $14.08. Gladstone Investment Co. has a one year low of $12.14 and a one year high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Tuesday, February 6th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Gladstone Investment had a return on equity of 7.79% and a net margin of 80.68%. The firm had revenue of $23.08 million during the quarter, compared to the consensus estimate of $24.04 million. Analysts anticipate that Gladstone Investment Co. will post 1.01 EPS for the current year.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Investment’s payout ratio is 48.24%.

About Gladstone Investment

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.