Gladstone Investment Corporation (GAIN) To Go Ex-Dividend on September 21st

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be given a dividend of 0.08 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Monday, September 21st.

Gladstone Investment has increased its dividend by an average of 0.1%annually 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 $0.92 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 104.3%.

Gladstone Investment Trading Up 0.3%

Shares of NASDAQ GAIN opened at $16.57 on Thursday. Gladstone Investment has a 12-month low of $13.11 and a 12-month high of $17.14. The stock has a market cap of $659.85 million, a PE ratio of 3.53 and a beta of 0.78. The company has a 50-day moving average of $15.76 and a 200 day moving average of $14.85.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a net margin of 186.47% and a return on equity of 6.05%. The business had revenue of $25.19 million during the quarter, compared to analyst estimates of $25.80 million. On average, sell-side analysts forecast that Gladstone Investment will post 0.91 EPS for the current fiscal year.

Institutional Trading of Gladstone Investment

Several hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC acquired a new stake in shares of Gladstone Investment during the 2nd quarter worth approximately $572,000. Cetera Investment Advisers grew its position in Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after acquiring an additional 717 shares during the period. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment during the first quarter worth $254,000. Independent Financial Group LLC purchased a new stake in Gladstone Investment in the first quarter valued at $355,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Gladstone Investment by 5.6% in the 4th quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 1,084 shares during the last quarter. Hedge funds and other institutional investors own 11.85% of the company’s stock.

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.