Short Interest in Gladstone Investment Co. (NASDAQ:GAIN) Drops By 5.2%

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 2,910,000 shares, a decrease of 5.2% from the November 30th total of 3,070,000 shares. Based on an average daily volume of 156,100 shares, the days-to-cover ratio is presently 18.6 days.

Analyst Upgrades and Downgrades

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

Gladstone Investment Stock Performance

Shares of GAIN remained flat at $13.25 during mid-day trading on Wednesday. 134,697 shares of the company's stock were exchanged, compared to its average volume of 145,686. Gladstone Investment has a 52 week low of $12.46 and a 52 week high of $14.96. The company's fifty day simple moving average is $13.52 and its two-hundred day simple moving average is $13.58. The firm has a market capitalization of $486.13 million, a PE ratio of 12.50 and a beta of 1.29.

Gladstone Investment Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend was Friday, December 20th. Gladstone Investment's dividend payout ratio (DPR) is presently 90.57%.

Institutional Investors Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new stake in shares of Gladstone Investment in the second quarter worth $174,000. Centiva Capital LP acquired a new stake in Gladstone Investment in the 3rd quarter valued at $192,000. Paloma Partners Management Co acquired a new stake in Gladstone Investment in the 3rd quarter valued at $239,000. Jane Street Group LLC purchased a new position in Gladstone Investment in the third quarter valued at about $253,000. Finally, Private Advisor Group LLC lifted its stake in shares of Gladstone Investment by 6.9% during the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company's stock worth $358,000 after purchasing an additional 1,609 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

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.