Gladstone Investment (NASDAQ:GAIN) Stock Price Expected to Rise, B. Riley Analyst Says

Gladstone Investment (NASDAQ:GAIN - Free Report) had its price objective boosted by B. Riley from $13.00 to $13.50 in a report issued on Monday morning,Benzinga reports. B. Riley currently has a neutral rating on the investment management company's stock.

Separately, StockNews.com downgraded Gladstone Investment from a "hold" rating to a "sell" rating in a report on Tuesday, October 15th.

Gladstone Investment Stock Up 1.0 %

Shares of Gladstone Investment stock traded up $0.13 during trading on Monday, hitting $13.52. 163,238 shares of the stock traded hands, compared to its average volume of 149,020. The firm's fifty day moving average is $13.61 and its 200-day moving average is $13.75. The stock has a market cap of $496.05 million, a price-to-earnings ratio of 12.59 and a beta of 1.33. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.96.

Gladstone Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 annualized dividend and a dividend yield of 7.10%. Gladstone Investment's payout ratio is presently 90.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in shares of Gladstone Investment by 6.2% during the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company's stock valued at $12,496,000 after buying an additional 52,594 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Gladstone Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company's stock valued at $2,312,000 after purchasing an additional 10,018 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Gladstone Investment by 0.9% during the second quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company's stock valued at $2,186,000 after purchasing an additional 1,469 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of Gladstone Investment in the 2nd quarter worth approximately $1,425,000. Finally, United Advisor Group LLC grew its stake in shares of Gladstone Investment by 1.9% in the 3rd quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company's stock worth $1,013,000 after buying an additional 1,281 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors.

About Gladstone Investment

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.