According to Zacks, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S. “
Separately, Jefferies Group reissued a hold rating on shares of Gladstone Investment Corp. in a research note on Friday, August 5th.
Gladstone Investment Corp. (NASDAQ:GAIN) opened at 8.91 on Tuesday. The company’s 50-day moving average price is $8.93 and its 200-day moving average price is $7.71. Gladstone Investment Corp. has a one year low of $6.40 and a one year high of $9.30.
Gladstone Investment Corp. (NASDAQ:GAIN) last posted its earnings results on Monday, August 1st. The investment management company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Gladstone Investment Corp. had a return on equity of 8.04% and a net margin of 77.56%. Equities analysts forecast that Gladstone Investment Corp. will post $0.78 EPS for the current year.
In other Gladstone Investment Corp. news, COO Terry Lee Brubaker sold 49,414 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $8.73, for a total transaction of $431,384.22. Following the transaction, the chief operating officer now directly owns 232,598 shares in the company, valued at $2,030,580.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Algert Global LLC acquired a new position in Gladstone Investment Corp. during the third quarter worth approximately $1,157,000. Royal Bank of Canada increased its stake in Gladstone Investment Corp. by 2.0% in the second quarter. Royal Bank of Canada now owns 17,796 shares of the investment management company’s stock worth $127,000 after buying an additional 345 shares during the last quarter. KCG Holdings Inc. increased its stake in Gladstone Investment Corp. by 12.1% in the second quarter. KCG Holdings Inc. now owns 23,400 shares of the investment management company’s stock worth $168,000 after buying an additional 2,521 shares during the last quarter. Van ECK Associates Corp increased its stake in Gladstone Investment Corp. by 13.1% in the second quarter. Van ECK Associates Corp now owns 128,746 shares of the investment management company’s stock worth $922,000 after buying an additional 14,912 shares during the last quarter. Finally, Nuveen Fund Advisors LLC bought a new stake in Gladstone Investment Corp. during the second quarter worth $874,000. Institutional investors and hedge funds own 15.37% of the company’s stock.
About Gladstone Investment Corp.
Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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