Gladstone Investment (NASDAQ:GAIN) Share Price Passes Above 200-Day Moving Average - What's Next?

Gladstone Investment Co. (NASDAQ:GAIN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.52 and traded as high as $13.66. Gladstone Investment shares last traded at $13.62, with a volume of 51,910 shares changing hands.

Gladstone Investment Trading Down 1.8 %

The stock's fifty day moving average price is $13.51 and its 200 day moving average price is $13.54. The stock has a market cap of $492.14 million, a P/E ratio of 6.96 and a beta of 1.28.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, sell-side analysts forecast 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. Investors of record on Monday, January 27th were paid 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 payout ratio is currently 50.00%.

Institutional Investors Weigh In On Gladstone Investment

Several hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new position in shares of Gladstone Investment in the 3rd quarter worth about $239,000. Centiva Capital LP purchased a new position in Gladstone Investment in the third quarter worth about $192,000. Jane Street Group LLC purchased a new position in Gladstone Investment in the third quarter worth about $253,000. Cornerstone Wealth Management LLC bought a new position in shares of Gladstone Investment in the fourth quarter worth approximately $136,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Gladstone Investment during the fourth quarter valued at approximately $250,000. 11.85% of the stock is 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.