Gladstone Investment Co. (NASDAQ:GAIN) Announces Monthly Dividend of $0.08

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. 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 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.

Related item

Gladstone Investment (NASDAQ:GAIN) dividend history

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