Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Sees Significant Decrease in Short Interest

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 514 shares, a decrease of 66.8% from the February 26th total of 1,549 shares. Based on an average daily volume of 1,065 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 accounts for 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest holding.

Gladstone Investment Co. 5.00% Notes Due 2026 Trading Down 0.0%

GAINN stock traded down $0.00 during midday trading on Friday, hitting $25.14. The company’s stock had a trading volume of 16,752 shares, compared to its average volume of 3,276. Gladstone Investment Co. 5.00% Notes Due 2026 has a 12 month low of $24.57 and a 12 month high of $25.46. The company has a 50 day moving average of $25.05 and a two-hundred day moving average of $25.08.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.0%.

Gladstone Investment Co. 5.00% Notes Due 2026 Company Profile

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.