Gladstone Investment Co. (NASDAQ:GAIN) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. reduced its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,909 shares of the investment management company's stock after selling 19,105 shares during the quarter. Albert D Mason Inc. owned about 0.14% of Gladstone Investment worth $661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GAIN. Jane Street Group LLC acquired a new position in shares of Gladstone Investment in the 3rd quarter valued at $253,000. Centiva Capital LP acquired a new position in Gladstone Investment in the 3rd quarter valued at $192,000. Paloma Partners Management Co purchased a new position in Gladstone Investment during the 3rd quarter worth $239,000. Advisors Asset Management Inc. lifted its stake in shares of Gladstone Investment by 12.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company's stock worth $2,304,000 after acquiring an additional 17,209 shares during the period. Finally, United Advisor Group LLC raised its holdings in Gladstone Investment by 1.9% during the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company's stock worth $1,013,000 after purchasing an additional 1,281 shares in the last quarter. 11.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GAIN. B. Riley lifted their price objective on Gladstone Investment from $13.00 to $13.50 and gave the company a "neutral" rating in a report on Monday, November 11th. StockNews.com upgraded Gladstone Investment from a "sell" rating to a "hold" rating in a research note on Monday, November 11th.

Gladstone Investment Stock Down 0.2 %

Shares of NASDAQ GAIN traded down $0.03 during midday trading on Friday, hitting $13.25. The company had a trading volume of 140,504 shares, compared to its average volume of 114,984. The business has a 50-day simple moving average of $13.37 and a two-hundred day simple moving average of $13.51. Gladstone Investment Co. has a twelve month low of $12.46 and a twelve month high of $14.85. The firm has a market capitalization of $486.14 million, a price-to-earnings ratio of 12.50 and a beta of 1.30.

Gladstone Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, January 24th. Gladstone Investment's dividend payout ratio is currently 90.57%.

Gladstone Investment Profile

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.