UBS Group AG Purchases 228,168 Shares of Gladstone Investment Corporation $GAIN

UBS Group AG increased its stake in Gladstone Investment Corporation (NASDAQ:GAIN) by 47.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 713,016 shares of the investment management company’s stock after purchasing an additional 228,168 shares during the quarter. UBS Group AG owned about 1.80% of Gladstone Investment worth $9,961,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,804 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Gladstone Investment in the second quarter valued at $105,000. Bank of America Corp DE grew its position in shares of Gladstone Investment by 272.1% in the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 6,542 shares in the last quarter. Register Financial Advisors LLC purchased a new position in shares of Gladstone Investment in the fourth quarter valued at $133,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of Gladstone Investment in the third quarter valued at $148,000. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Investment Trading Down 1.0%

GAIN opened at $16.41 on Friday. The stock has a 50-day moving average price of $15.10 and a 200-day moving average price of $14.31. Gladstone Investment Corporation has a 12-month low of $13.11 and a 12-month high of $17.14. The stock has a market capitalization of $653.45 million, a P/E ratio of 3.50 and a beta of 0.81.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data 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). Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%.The firm had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $25.80 million. On average, equities research analysts predict that Gladstone Investment Corporation will post 0.91 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio is presently 20.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GAIN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Oppenheimer lifted their price target on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday. B. Riley Financial upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.50 to $16.50 in a research report on Thursday. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.75.

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.