18,847 Shares in Gladstone Investment Co. (NASDAQ:GAIN) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of Gladstone Investment during the fourth quarter valued at about $1,431,000. Van ECK Associates Corp increased its position in 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 buying an additional 32,678 shares in the last quarter. Kentucky Trust Co acquired a new position in Gladstone Investment during the 4th quarter worth approximately $26,000. Cornerstone Wealth Management LLC bought a new position in Gladstone Investment in the fourth quarter worth approximately $136,000. Finally, Jane Street Group LLC acquired a new stake in Gladstone Investment in the third quarter valued at approximately $253,000. 11.85% of the stock is owned by institutional investors and hedge funds.

Gladstone Investment Stock Performance

GAIN traded up $0.23 during midday trading on Friday, reaching $13.85. 138,115 shares of the company were exchanged, compared to its average volume of 118,590. The company has a market cap of $510.19 million, a price-to-earnings ratio of 7.21 and a beta of 1.30. Gladstone Investment Co. has a one year low of $12.46 and a one year high of $14.85. The company's fifty day moving average price is $13.37 and its 200 day moving average price is $13.45.

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Gladstone Investment (NASDAQ:GAIN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (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 anticipate 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 dividend of $0.08 per share. This represents a dividend yield of 7.18%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Investment's payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley upped their target price on Gladstone Investment from $13.00 to $13.50 and gave the stock a "neutral" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

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.