Gladstone Investment Co. (NASDAQ: GAIN – Get Rating) President David AR Dullum purchased 3,000 shares of Gladstone Investment stock in a transaction on Friday, December 16. Shares were purchased at an average price of $13.06 per share for an aggregate purchase price of $39,180.00. After the transaction, the president now owns 141,916 shares in the company, valued at $1,853,422.96. The acquisition is disclosed in legal documents to the SEC, available at this link.
Gladstone Investment shares drop 0.5%
GAIN shares fell $0.07 to reach $13.10 in midday trading on Friday. 164,989 shares of stock were exchanged, with an average trading volume of 122,267 shares. The stock has a 50-day simple moving average of $13.34 and a 200-day simple moving average of $13.91. The company has a market capitalization of $435.38 million, a P/E of 8.72 and a beta of 1.38. Gladstone Investment Co. has a 12-month low of $11.40 and a 12-month high of $17.15.
Gladstone Investments (NASDAQ:GAIN – Get Rating) last reported quarterly results on Tuesday, November 1. The investment manager reported EPS of $0.29 for the quarter, beating analyst consensus expectations of $0.23 by $0.06. The business generated $20.8 million in revenue for the quarter, compared with analyst estimates of $17.36 million. Gladstone Investment’s net profit margin was 66.37% and return on equity was 7.27%. For the group as a whole, analysts expect Gladstone Investments to post his earnings per share of 1.13 this year.
Announcement of Investment Dividend in Gladstone
The company recently announced a monthly dividend payable on Friday, December 30th. Shareholders of record on Tuesday, December 20, will receive a dividend of $0.08 per share. The ex-dividend date is Monday, December 19. This represents his $0.96 dividend and his 7.33% dividend yield on an annual basis. Gladstone Investments has a payout percentage of 63.58%.
institution inflow and outflow
The hedge fund recently changed its holdings. Van ECK Associates Corp increased its stake in Gladstone Investment by 52.6% in the first quarter. Van ECK Associates Corp now owns 821,203 shares of the investment management company worth $13,246,000 after purchasing an additional 283,224 shares in the previous quarter. Baird Financial Group Inc. acquired a new position worth approximately $1,248,000 in Gladstone Investment in the third quarter. Concorde Asset Management LLC purchased new shares of Gladstone Investment in the third quarter for $595,000. Marshall Wace LLP acquired a new stake in Gladstone Investment in the third quarter for a value of $525,000. Finally, Millennium Management LLC purchased shares in Gladstone Investment in a new position worth $406,000 in the second quarter.
Wall Street Analyst Predicts Growth
Several research analysts recently commented on the company. TheStreet downgraded Gladstone Investment’s rating from ‘b’ to ‘c+’ in a research report on Friday, September 2nd. LADENBURG THALM/SH SH said in a research note on Wednesday, November 2 that he upgraded Gladstone Investment from a ‘neutral’ rating to a ‘buy’ rating and set a target price for the company at $14.00. B. Reilly began coverage of his investment in Gladstone in Monday’s report. They set a “buy” rating and the firm’s price target he set at $12.00. Finally, StockNews.com began reporting on Gladstone Investment’s shares in his Wednesday Oct. 12 investigative report. They issued a “Hold” rating on the stock. Two analysts rated the stock with hold ratings and two issued buy ratings on the company’s stock. Data from MarketBeat.com shows the current consensus rating for the stock is “moderate buy” with an average target price of $13.17.
Gladstone Investment Company Profile
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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