Van ECK Associates Corp Has $12.33 Million Stock Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Van ECK Associates Corp lifted its position in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 930,346 shares of the investment management company's stock after buying an additional 32,678 shares during the period. Van ECK Associates Corp owned approximately 2.54% of Gladstone Investment worth $12,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kentucky Trust Co acquired a new position in shares of Gladstone Investment in the 4th quarter worth $26,000. Union Bancaire Privee UBP SA acquired a new position in shares of Gladstone Investment in the 4th quarter worth $250,000. Cornerstone Wealth Management LLC acquired a new position in shares of Gladstone Investment in the 4th quarter worth $136,000. Jane Street Group LLC acquired a new position in shares of Gladstone Investment in the 3rd quarter worth $253,000. Finally, Centiva Capital LP acquired a new position in shares of Gladstone Investment in the 3rd quarter worth $192,000. Institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Performance

Shares of GAIN stock traded down $0.06 on Wednesday, reaching $13.80. 116,938 shares of the company's stock traded hands, compared to its average volume of 120,310. Gladstone Investment Co. has a 12-month low of $12.46 and a 12-month high of $14.85. The company has a market capitalization of $508.39 million, a P/E ratio of 7.19 and a beta of 1.30. The business's 50 day moving average price is $13.32 and its two-hundred day moving average price is $13.42.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Research analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment's dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

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

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.