Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on December 22nd

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, October 14th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.08 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, December 22nd.

Gladstone Investment has increased its dividend by an average of 0.1%per year over the last three years. Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

Shares of Gladstone Investment stock opened at $13.88 on Friday. The stock has a 50 day moving average of $13.89 and a 200 day moving average of $14.01. The firm has a market capitalization of $550.34 million, a price-to-earnings ratio of 5.55 and a beta of 0.83. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $25.28 million for the quarter, compared to analyst estimates of $24.58 million. Gladstone Investment had a return on equity of 7.12% and a net margin of 94.99%. Analysts forecast that Gladstone Investment will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Gladstone Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new stake in Gladstone Investment in the second quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Gladstone Investment by 37,400.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock valued at $40,000 after purchasing an additional 2,992 shares in the last quarter. Allworth Financial LP lifted its position in shares of Gladstone Investment by 38,592.3% during the 2nd quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after purchasing an additional 5,017 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock worth $76,000 after purchasing an additional 4,804 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Gladstone Investment in the second quarter valued at $105,000. 11.85% of the stock is owned by institutional investors and hedge funds.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.