Gladstone Investment Corporation (GAIN) to Issue Monthly Dividend of $0.08 on August 31st

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.08 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, August 18th.

Gladstone Investment has raised 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. Analysts expect Gladstone Investment to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 96.0%.

Gladstone Investment Stock Down 1.3%

GAIN opened at $16.31 on Friday. The firm has a market cap of $649.46 million, a P/E ratio of 3.90 and a beta of 0.77. The business’s fifty day simple moving average is $15.90 and its 200 day simple moving average is $15.23. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its holdings in shares of Gladstone Investment by 2.3% during the 1st 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. Raymond James Financial Inc. grew its holdings in Gladstone Investment by 2.0% in the second quarter. Raymond James Financial Inc. now owns 40,857 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 814 shares during the period. NewEdge Advisors LLC increased its position in Gladstone Investment by 5.6% during the fourth quarter. NewEdge Advisors LLC now owns 20,460 shares of the investment management company’s stock worth $286,000 after purchasing an additional 1,084 shares during the last quarter. Wells Fargo & Company MN increased its position in Gladstone Investment by 11.3% during the fourth quarter. Wells Fargo & Company MN now owns 14,777 shares of the investment management company’s stock worth $206,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Gladstone Investment during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

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.