UBS Group AG Raises Holdings in Gladstone Investment Corporation $GAIN

UBS Group AG boosted its stake in shares of Gladstone Investment Corporation (NASDAQ:GAIN) by 47.1% in the 4th quarter, HoldingsChannel reports. The fund owned 713,016 shares of the investment management company’s stock after buying an additional 228,168 shares during the quarter. UBS Group AG’s holdings in Gladstone Investment were worth $9,961,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. boosted its holdings in Gladstone Investment by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock valued at $583,000 after acquiring an additional 814 shares during the period. NewEdge Advisors LLC raised its position in Gladstone Investment by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,150 shares during the last quarter. JPMorgan Chase & Co. raised its position in Gladstone Investment by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,249 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 1,945 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Gladstone Investment by 6.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 37,238 shares of the investment management company’s stock valued at $531,000 after purchasing an additional 2,136 shares during the last quarter. Finally, Outfitters Financial LLC raised its position in Gladstone Investment by 1.2% during the 4th quarter. Outfitters Financial LLC now owns 204,345 shares of the investment management company’s stock valued at $2,855,000 after purchasing an additional 2,450 shares during the last quarter. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GAIN shares. Oppenheimer upped their price target on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday. B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.50 to $16.50 in a research report on Thursday. Wall Street Zen lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Finally, Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Gladstone Investment has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $16.41 on Friday. Gladstone Investment Corporation has a 52-week low of $13.11 and a 52-week high of $17.14. The firm has a market capitalization of $653.45 million, a P/E ratio of 3.50 and a beta of 0.81. The stock has a 50 day moving average price of $15.10 and a 200-day moving average price of $14.31.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million during the quarter, compared to the consensus estimate of $25.80 million. On average, equities analysts forecast that Gladstone Investment Corporation will post 0.91 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. Gladstone Investment’s dividend payout ratio is currently 20.47%.

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.