Virtu Financial LLC Invests $315,000 in Gladstone Investment Co. (NASDAQ:GAIN)

Virtu Financial LLC purchased a new stake in Gladstone Investment Co. (NASDAQ:GAIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 23,771 shares of the investment management company's stock, valued at approximately $315,000. Virtu Financial LLC owned approximately 0.06% of Gladstone Investment as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in Gladstone Investment during the fourth quarter valued at approximately $1,431,000. Raymond James Financial Inc. purchased a new position in shares of Gladstone Investment in the 4th quarter valued at $651,000. 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 worth $12,327,000 after acquiring an additional 32,678 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Gladstone Investment during the 4th quarter worth $250,000. Finally, Jane Street Group LLC purchased a new stake in shares of Gladstone Investment during the 3rd quarter worth $253,000. Hedge funds and other institutional investors own 11.85% of the company's stock.

Gladstone Investment Stock Performance

GAIN traded up $0.10 on Tuesday, hitting $13.46. The company had a trading volume of 133,608 shares, compared to its average volume of 128,311. The stock has a market capitalization of $495.83 million, a price-to-earnings ratio of 7.01 and a beta of 1.28. The stock has a fifty day moving average price of $13.51 and a 200-day moving average price of $13.55. Gladstone Investment Co. has a 12-month low of $12.46 and a 12-month high of $14.85.

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Gladstone Investment (NASDAQ:GAIN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (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%. Analysts forecast that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders 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 presently 50.00%.

Gladstone Investment 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.