Blair William & Co. IL Has $2.14 Million Position in Gladstone Investment Co. (NASDAQ:GAIN)

Blair William & Co. IL lifted its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,745 shares of the investment management company’s stock after purchasing an additional 4,552 shares during the quarter. Blair William & Co. IL owned 0.44% of Gladstone Investment worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GAIN. Cassaday & Co Wealth Management LLC bought a new stake in shares of Gladstone Investment during the fourth quarter worth about $1,431,000. Raymond James Financial Inc. acquired a new stake in Gladstone Investment during the 4th quarter worth approximately $651,000. Van ECK Associates Corp grew its holdings in Gladstone Investment by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company’s stock worth $12,327,000 after acquiring an additional 32,678 shares during the last quarter. LPL Financial LLC increased its position in Gladstone Investment by 17.8% in the 4th quarter. LPL Financial LLC now owns 190,065 shares of the investment management company’s stock valued at $2,518,000 after acquiring an additional 28,660 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Gladstone Investment during the fourth quarter valued at $315,000. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $13.46 on Wednesday. The firm has a market cap of $495.83 million, a PE ratio of 7.01 and a beta of 1.28. Gladstone Investment Co. has a 52 week low of $12.46 and a 52 week high of $14.85. The firm’s fifty day moving average is $13.51 and its 200-day moving average is $13.55.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. Sell-side analysts forecast that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.08 per share. This represents a yield of 7.18%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Investment’s dividend payout ratio is presently 50.00%.

Gladstone Investment Profile

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.