Gladstone Investment Co. (NASDAQ:GAIN) COO Sells $247,703.04 in Stock

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Gladstone Investment Co. (NASDAQ:GAIN) COO Terry Lee Brubaker sold 21,502 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $11.52, for a total transaction of $247,703.04. Following the sale, the chief operating officer now owns 8,733 shares in the company, valued at $100,604.16. The sale was disclosed in a filing with the SEC, which is available at this link.

Terry Lee Brubaker also recently made the following trade(s):

  • On Wednesday, August 14th, Terry Lee Brubaker sold 21,502 shares of Gladstone Investment stock. The shares were sold at an average price of $11.38, for a total transaction of $244,692.76.

NASDAQ GAIN opened at $11.53 on Thursday. Gladstone Investment Co. has a 1 year low of $8.70 and a 1 year high of $12.70. The stock has a market capitalization of $376.47 million, a PE ratio of 13.99 and a beta of 0.85. The company’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $11.68.

The company also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, September 4th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. Gladstone Investment’s dividend payout ratio is presently 106.49%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GAIN. Virtus ETF Advisers LLC purchased a new stake in Gladstone Investment in the 2nd quarter worth approximately $2,630,000. Atlantic Union Bankshares Corp purchased a new stake in Gladstone Investment in the 2nd quarter worth approximately $1,785,000. Marshall Wace LLP purchased a new stake in Gladstone Investment in the 1st quarter worth approximately $802,000. Bank of America Corp DE lifted its stake in Gladstone Investment by 3,877.3% in the 2nd quarter. Bank of America Corp DE now owns 46,932 shares of the investment management company’s stock worth $527,000 after purchasing an additional 45,752 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Gladstone Investment in the 1st quarter worth approximately $339,000. Institutional investors and hedge funds own 13.68% of the company’s stock.

A number of brokerages recently commented on GAIN. ValuEngine upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. LADENBURG THALM/SH SH cut shares of Gladstone Investment from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. BidaskClub upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, Zacks Investment Research upgraded shares of Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Thursday, August 8th.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options.

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