Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Short Interest Update

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,800 shares, a growth of 23.9% from the February 28th total of 7,100 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is presently 1.8 days.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

GAINZ stock opened at $23.29 on Thursday. The firm has a 50 day simple moving average of $23.28 and a 200 day simple moving average of $23.44. Gladstone Investment Co. 4.875% Notes due 2028 has a 52 week low of $22.45 and a 52 week high of $24.16.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.3047 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Tuesday, April 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.