Ameriflex Group Inc. Makes New $699,000 Investment in Gladstone Investment Co. (NASDAQ:GAIN)

Ameriflex Group Inc. bought a new position in Gladstone Investment Co. (NASDAQ:GAIN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 51,752 shares of the investment management company’s stock, valued at approximately $699,000. Ameriflex Group Inc. owned 0.14% of Gladstone Investment at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GAIN. Cornerstone Wealth Management LLC bought a new stake in Gladstone Investment in the 4th quarter worth approximately $136,000. Union Bancaire Privee UBP SA purchased a new position in shares of Gladstone Investment during the 4th quarter worth $250,000. Kentucky Trust Co purchased a new position in shares of Gladstone Investment during the 4th quarter worth $26,000. Van ECK Associates Corp boosted its stake in shares of Gladstone Investment by 3.6% during 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 during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Gladstone Investment during the 4th quarter worth $1,431,000. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Performance

GAIN opened at $14.68 on Friday. Gladstone Investment Co. has a fifty-two week low of $11.42 and a fifty-two week high of $15.00. The firm’s fifty day moving average is $13.65 and its 200 day moving average is $13.51. The stock has a market cap of $540.77 million, a price-to-earnings ratio of 7.65 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, May 13th. The investment management company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. The company had revenue of $27.55 million for the quarter, compared to analysts’ expectations of $24.96 million. On average, equities research analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.08 per share. This represents a dividend yield of 6.55%. The ex-dividend date of this dividend is Wednesday, May 21st. Gladstone Investment’s dividend payout ratio (DPR) is 53.93%.

Analyst Upgrades and Downgrades

GAIN has been the topic of several analyst reports. LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Citigroup cut shares of Gladstone Investment to a “neutral” rating in a research note on Wednesday, May 14th.

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.