Gladstone Investment (NASDAQ:GAIN) Sees Strong Trading Volume – Here’s Why

Gladstone Investment Corporation (NASDAQ:GAIN) shares saw an uptick in trading volume on Wednesday . 470,479 shares were traded during trading, an increase of 57% from the previous session’s volume of 298,890 shares.The stock last traded at $14.6710 and had previously closed at $16.92.

Analyst Upgrades and Downgrades

Several research firms recently commented on GAIN. B. Riley Financial reissued a “neutral” rating on shares of Gladstone Investment in a research note on Monday, February 9th. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Investment in a report on Friday, March 27th. Finally, Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Gladstone Investment has a consensus rating of “Hold”.

Gladstone Investment Stock Performance

The company has a 50-day moving average price of $14.95 and a 200-day moving average price of $14.26. The firm has a market capitalization of $621.62 million, a price-to-earnings ratio of 5.02 and a beta of 0.81.

Gladstone Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio is currently 30.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Greenwood Gearhart LLC acquired a new position in shares of Gladstone Investment during the 1st quarter worth about $254,000. Independent Financial Group LLC purchased a new position in Gladstone Investment during the 1st quarter worth approximately $355,000. 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 buying an additional 1,084 shares during the period. Abel Hall LLC acquired a new position in Gladstone Investment during the fourth quarter worth approximately $140,000. Finally, Osaic Holdings Inc. lifted its stake in Gladstone Investment by 395.5% in the fourth quarter. Osaic Holdings Inc. now owns 88,410 shares of the investment management company’s stock valued at $1,235,000 after buying an additional 70,566 shares during the last quarter. 11.85% of the stock is owned by institutional investors and hedge funds.

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.