Gladstone Investment Co. (NASDAQ:GAIN) Stake Raised by LPL Financial LLC

LPL Financial LLC increased its holdings in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 190,065 shares of the investment management company's stock after acquiring an additional 28,660 shares during the quarter. LPL Financial LLC owned approximately 0.52% of Gladstone Investment worth $2,518,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of Gladstone Investment by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company's stock valued at $12,327,000 after purchasing an additional 32,678 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Gladstone Investment in the fourth quarter valued at $1,431,000. Atlantic Union Bankshares Corp boosted its stake in Gladstone Investment by 1.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 90,418 shares of the investment management company's stock valued at $1,198,000 after acquiring an additional 873 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Gladstone Investment during the 4th quarter worth $651,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Gladstone Investment by 4.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 34,065 shares of the investment management company's stock worth $451,000 after purchasing an additional 1,365 shares during the last quarter. Hedge funds and other institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Performance

Shares of Gladstone Investment stock traded up $0.20 during trading on Friday, reaching $13.89. The company had a trading volume of 151,052 shares, compared to its average volume of 132,822. The company has a market cap of $511.67 million, a price-to-earnings ratio of 7.23 and a beta of 1.12. Gladstone Investment Co. has a fifty-two week low of $11.42 and a fifty-two week high of $14.85. The firm's fifty day moving average is $13.38 and its 200-day moving average is $13.48.

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

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Monday, April 21st. Gladstone Investment's dividend payout ratio is presently 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.