Union Bancaire Privee UBP SA Makes New $250,000 Investment in Gladstone Investment Co. (NASDAQ:GAIN)

Union Bancaire Privee UBP SA purchased a new stake in shares of Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,847 shares of the investment management company's stock, valued at approximately $250,000. Union Bancaire Privee UBP SA owned approximately 0.05% of Gladstone Investment at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in shares of Gladstone Investment by 6.2% in the third quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company's stock valued at $12,496,000 after buying an additional 52,594 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Gladstone Investment by 1,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company's stock worth $457,000 after acquiring an additional 29,456 shares during the last quarter. Jane Street Group LLC acquired a new stake in Gladstone Investment in the 3rd quarter valued at about $253,000. Advisors Asset Management Inc. increased its holdings in shares of Gladstone Investment by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company's stock valued at $2,304,000 after purchasing an additional 17,209 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Gladstone Investment in the third quarter valued at approximately $239,000. Institutional investors own 11.85% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on GAIN. B. Riley increased 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 research report on Monday, November 11th.

Gladstone Investment Stock Up 1.0 %

GAIN stock traded up $0.14 during midday trading on Friday, reaching $13.51. The company's stock had a trading volume of 152,083 shares, compared to its average volume of 110,078. The business's 50-day simple moving average is $13.32 and its 200-day simple moving average is $13.45. The stock has a market cap of $495.67 million, a PE ratio of 12.75 and a beta of 1.30. Gladstone Investment Co. has a 52 week low of $12.46 and a 52 week high of $14.85.

Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. The company had revenue of $22.57 million for the quarter, compared to analyst estimates of $22.74 million. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a $0.08 dividend. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment's dividend payout ratio is 90.57%.

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.