Gladstone Investment Corp. (GAIN) Sees Strong Trading Volume
Shares of Gladstone Investment Corp. (NASDAQ:GAIN) saw unusually-high trading volume on Monday . Approximately 147,373 shares were traded during trading, an increase of 0% from the previous session’s volume of 147,166 shares.The stock last traded at $7.31 and had previously closed at $7.33.
GAIN has been the subject of a number of research reports. Janney Montgomery Scott initiated coverage on shares of Gladstone Investment Corp. in a research report on Friday, April 29th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Gladstone Investment Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, TheStreet upgraded shares of Gladstone Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 10th.
The firm has a 50-day moving average price of $7.08 and a 200 day moving average price of $7.07.
Gladstone Investment Corp. (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, May 17th. The investment management company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.03. Equities research analysts expect that Gladstone Investment Corp. will post $0.71 EPS for the current year.
The business also recently declared a monthly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were given a $0.0625 dividend. This represents a $0.75 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend was Wednesday, June 15th.
An institutional investor recently raised its position in Gladstone Investment Corp. stock. LSV Asset Management increased its stake in Gladstone Investment Corp. (NASDAQ:GAIN) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 508,516 shares of the investment management company’s stock after buying an additional 1,800 shares during the period. LSV Asset Management’s holdings in Gladstone Investment Corp. were worth $3,900,000 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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