Shares of Gladstone Investment Corp. (NASDAQ:GAIN) dropped 0.3% during mid-day trading on Friday . The stock traded as low as $7.31 and last traded at $7.32, with a volume of 124,775 shares traded. The stock had previously closed at $7.34.

GAIN has been the topic of several analyst reports. Janney Montgomery Scott initiated coverage on Gladstone Investment Corp. in a report on Friday, April 29th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Gladstone Investment Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th. Finally, TheStreet upgraded Gladstone Investment Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 10th.

The stock’s 50 day moving average is $7.08 and its 200-day moving average is $7.07.

Gladstone Investment Corp. (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, May 17th. The investment management company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.03. On average, equities research analysts anticipate that Gladstone Investment Corp. will post $0.71 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.75 annualized dividend and a dividend yield of 10.23%.

An institutional investor recently raised its position in Gladstone Investment Corp. stock. Morgan Stanley boosted its stake in shares of Gladstone Investment Corp. (NASDAQ:GAIN) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,462 shares of the investment management company’s stock after buying an additional 12,784 shares during the period. Morgan Stanley’s holdings in Gladstone Investment Corp. were worth $1,393,000 as of its most recent filing with the SEC.

Gladstone Investment Corporation operates as a closed-end, non-diversified management investment company. The Company is a publicly traded business development company that pays monthly dividends to its stockholders and invests in small and medium sized private businesses, seeking to achieve returns from current income and capital gains through debt and equity investments.

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