Gladstone Investment Corporation (NASDAQ:GAIN) Shares Purchased by Melia Wealth LLC

Melia Wealth LLC boosted its holdings in shares of Gladstone Investment Corporation (NASDAQ:GAIN) by 4.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,088,798 shares of the investment management company’s stock after acquiring an additional 44,377 shares during the period. Gladstone Investment accounts for 7.5% of Melia Wealth LLC’s portfolio, making the stock its 7th largest position. Melia Wealth LLC’s holdings in Gladstone Investment were worth $14,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GAIN. Farther Finance Advisors LLC acquired a new stake in Gladstone Investment during the 1st quarter worth $71,000. State of Wyoming acquired a new stake in Gladstone Investment during the 4th quarter worth $105,000. Realta Investment Advisors bought a new position in shares of Gladstone Investment during the first quarter worth $134,000. Hardy Reed LLC bought a new position in shares of Gladstone Investment during the first quarter worth $136,000. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Gladstone Investment by 15.6% during the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company’s stock worth $158,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Gladstone Investment in a research report on Wednesday, May 14th. B. Riley raised shares of Gladstone Investment to a “hold” rating in a research report on Monday, June 16th. Finally, Citigroup cut shares of Gladstone Investment to a “neutral” rating in a research report on Wednesday, May 14th.

Gladstone Investment Trading Down 0.3%

GAIN opened at $14.02 on Monday. The stock has a market capitalization of $516.50 million, a P/E ratio of 7.88 and a beta of 0.87. Gladstone Investment Corporation has a 12 month low of $11.42 and a 12 month high of $15.34. The firm’s fifty day simple moving average is $14.30 and its 200 day simple moving average is $13.77.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $27.55 million for the quarter, compared to analysts’ expectations of $24.96 million. Gladstone Investment had a net margin of 69.74% and a return on equity of 7.31%. On average, equities research analysts predict that Gladstone Investment Corporation will post 0.96 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a yield of 6.81%. Gladstone Investment’s dividend payout ratio is currently 53.93%.

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.