Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock Price Down 0.4% – Time to Sell?

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) shares fell 0.4% during trading on Friday . The stock traded as low as $25.06 and last traded at $25.0390. 1,969 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 4,167 shares. The stock had previously closed at $25.13.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 0.4%

The company’s fifty day moving average is $25.07 and its 200 day moving average is $25.07.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.25 annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

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

About Gladstone Investment Co. 5.00% Notes Due 2026

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.