Gladstone Investment Company (NASDAQ: GAIN – Get Rating) announced its monthly dividend on Tuesday, Jan. 10, reports Zacks. The investor of record on Friday, January 20th will be awarded a dividend of 0.08 per share by the investment management company on Tuesday, January 31st. This represents an annualized dividend of $0.96 and his 7.16% yield. The ex-dividend date for this dividend is January 19 (Thursday).
Gladstone Investments has increased its dividend by an average of 7.5% per annum over the last three years and has increased its dividend each year for the last three years in a row.
Gladstone Investments stock performance
GAIN shares opened at $13.40 on Thursday. The stock has a market cap of $445.35 million, a P/E of 8.87 and a beta of 1.38. The company has a 50-day moving average of $13.48 and a 200-day moving average of $13.75. His all-year low is $11.40 and all-year high is $16.98 on Gladstone Investments.
Gladstone Investments (NASDAQ:GAIN – Get Rating) last released quarterly earnings data on Tuesday, November 1. The investment manager reported earnings per share (EPS) of $0.29 for the quarter, beating consensus expectations of $0.23 by $0.06. The company’s revenue for the quarter was $20.8 million, compared to analyst expectations of $17.36 million. Gladstone Investment’s net profit margin was 66.37% and return on equity was 7.27%. Sell-side analysts expect Gladstone Investments to post 1.13 EPS this year.
Wall Street analyst opinion
Several brokerage firms have published reports on GAIN. LADENBURG THALM/SH SH upgraded Gladstone Investments’ shares from a ‘neutral’ rating to a ‘buy’ rating, in a research note on Wednesday Nov. 2 where he set a price target of $14.00. StockNews.com began reporting on his shares in Gladstone Investment in a research note on Wednesday, October 12th. They put a “Hold” rating on the stock. Finally, B. Riley began covering his Gladstone Investment shares in his Monday, Dec. 12 research note. They issued a “buy” rating and a company price target of $12.00. Two research analysts rated the stock with a hold rating and two issued buy ratings for the company. According to MarketBeat.com data, the company’s consensus rating is “moderate buy” with an average price target of $13.17.
insider bet
In related news, President David AR Durham purchased 3,000 shares in a transaction on Friday, December 16th. Shares were purchased at an average of $13.06 per share, with a total trading value of $39,180.00 for him. Following the closing of the transaction, the President now owns 141,916 shares of the Company’s stock valued at approximately $1,853,422.96. The acquisition is disclosed in documents filed with the Securities and Exchange Commission and can be accessed at this link. His 2.60% of shares are now owned by insiders.
institution inflow and outflow
Several institutional investors and hedge funds have recently increased or decreased their stakes in equities. Baird Financial Group acquired a new stake in Gladstone Investments worth approximately $1,248,000 in the third quarter. Marshall Weiss LLP acquired a new stake in Gladstone Investments worth approximately $525,000 in the third quarter. BlackRock Inc. increased his Gladstone Investment stock position by 6.5% in the third quarter. BlackRock Inc. now owns 259,901 shares of the investment management company, valued at $3,144,000, after purchasing an additional 15,750 of his shares last quarter. Legal & General Group Plc increased its position in Gladstone Investments stock by 6.5% in the second quarter. Legal & General Group Plc owns 194,007 shares of investment management company valued at $2,738,000 after purchasing an additional 11,912 shares in the previous quarter. Finally, Jane Street Group LLC acquired a new stake in Gladstone Investments worth approximately $358,000 in the second quarter. 12.14% of the shares are currently owned by institutional investors and hedge funds.
Gladstone Investment Company Profile
(get rating)
Gladstone Investment Corporation is a business development firm specializing in lower middle market, mature stage and buyouts. refinancing of existing debt; senior debt instruments 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 debt. Subordinated debt such as subordinated debt and mezzanine loans. Limited Liability Company Interests, and Warrants or Options.
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