Legal & General Group Plc Trims Position in Gladstone Investment Co. (NASDAQ:GAIN)

Legal & General Group Plc lessened its stake in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 242,879 shares of the investment management company's stock after selling 25,427 shares during the quarter. Legal & General Group Plc owned approximately 0.66% of Gladstone Investment worth $3,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GAIN. Kentucky Trust Co purchased a new stake in shares of Gladstone Investment during the 4th quarter valued at approximately $26,000. Cornerstone Wealth Management LLC bought a new stake in shares of Gladstone Investment during the 4th quarter valued at about $136,000. Union Bancaire Privee UBP SA bought a new stake in Gladstone Investment during the fourth quarter valued at approximately $250,000. Jane Street Group LLC purchased a new position in Gladstone Investment in the third quarter worth $253,000. Finally, Virtu Financial LLC bought a new position in shares of Gladstone Investment during the 4th quarter valued at about $315,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Trading Up 0.6 %

Shares of GAIN stock traded up $0.08 during trading hours on Friday, hitting $13.97. 84,576 shares of the company's stock were exchanged, compared to its average volume of 133,390. The company has a market capitalization of $514.61 million, a PE ratio of 7.28 and a beta of 1.12. The business's 50 day simple moving average is $13.38 and its 200-day simple moving average is $13.46. Gladstone Investment Co. has a 12-month low of $11.42 and a 12-month high of $14.85.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last released its 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%. Equities analysts anticipate that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a yield of 7.08%. Gladstone Investment's payout ratio is currently 50.00%.

Gladstone Investment Company 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.