Gladstone Investment Co. 8.00% Notes due 2028 (NASDAQ:GAINL – Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 1,832 shares, a decline of 87.6% from the November 30th total of 14,827 shares. Based on an average daily trading volume, of 11,797 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 11,797 shares, the short-interest ratio is currently 0.2 days.
Gladstone Investment Co. 8.00% Notes due 2028 Price Performance
Shares of GAINL stock traded up $0.04 on Wednesday, hitting $25.22. 9,134 shares of the company’s stock were exchanged, compared to its average volume of 4,356. The company has a 50 day moving average of $25.41 and a 200 day moving average of $25.52. Gladstone Investment Co. 8.00% Notes due 2028 has a 12 month low of $25.10 and a 12 month high of $26.34.
Gladstone Investment Co. 8.00% Notes due 2028 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Wednesday, October 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Wednesday, October 15th.
About Gladstone Investment Co. 8.00% Notes due 2028
Gladstone Investment Co 8.00% Notes due 2028 (NASDAQ: GAINL) are senior secured debt securities issued by Gladstone Investment Corporation, a business development company (BDC) that provides private capital to small and mid-sized U.S. businesses. Established in 2001 and externally managed by Gladstone Management Corporation under the leadership of co-founder and CEO David Gladstone, the BDC targets companies across a range of industries, including manufacturing, business services, and consumer products.
The Notes carry a fixed annual interest rate of 8.00%, with interest payable quarterly, and mature on June 1, 2028.
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