Gladstone Investment Corporation (GAIN) to Issue Monthly Dividend of $0.08 on June 30th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.08 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Investment has increased its dividend by an average of 0.1%annually over the last three years. Gladstone Investment has a dividend 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 Price Performance

NASDAQ GAIN opened at $14.78 on Friday. The stock’s fifty day moving average price is $15.84 and its 200 day moving average price is $14.62. Gladstone Investment has a 1 year low of $13.11 and a 1 year high of $17.14. The company has a market cap of $588.57 million, a price-to-earnings ratio of 3.15 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. Research analysts expect that Gladstone Investment will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of Gladstone Investment by 2.3% in the 1st quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock valued at $449,000 after purchasing an additional 717 shares during the period. Greenwood Gearhart LLC acquired a new stake in Gladstone Investment during the first quarter valued at $254,000. Independent Financial Group LLC acquired a new stake in Gladstone Investment during the first quarter valued at $355,000. NewEdge Advisors LLC increased its holdings in Gladstone Investment by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock valued at $286,000 after buying an additional 1,084 shares in the last quarter. Finally, Abel Hall LLC purchased a new position in Gladstone Investment in the fourth quarter valued at $140,000. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Company Profile

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.