Gladstone Investment (NASDAQ:GAIN) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research report released on Monday morning.

Separately, B. Riley upped their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday.

Gladstone Investment Trading Up 1.3 %

Shares of NASDAQ GAIN opened at $13.70 on Monday. The firm’s 50-day moving average price is $13.65 and its 200-day moving average price is $13.74. Gladstone Investment has a 1-year low of $12.46 and a 1-year high of $14.96. The firm has a market capitalization of $502.65 million, a P/E ratio of 12.92 and a beta of 1.33.

Gladstone Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Investment’s payout ratio is presently 90.57%.

Institutional Investors Weigh In On Gladstone Investment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Drive Wealth Management LLC bought a new stake in Gladstone Investment in the 2nd quarter worth about $174,000. Virtu Financial LLC bought a new stake in Gladstone Investment in the 1st quarter worth about $198,000. Private Advisor Group LLC grew its position in Gladstone Investment by 6.9% in the 3rd quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after purchasing an additional 1,609 shares in the last quarter. International Assets Investment Management LLC grew its position in Gladstone Investment by 1,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after purchasing an additional 29,456 shares in the last quarter. Finally, Garner Asset Management Corp grew its position in Gladstone Investment by 9.1% in the 1st quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock worth $588,000 after purchasing an additional 3,451 shares in the last quarter. 11.85% of the stock is owned by institutional investors.

About Gladstone Investment

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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.