Gladstone Investment Co. (NASDAQ:GAIN) Shares Sold by Prosperity Financial Group Inc.

Prosperity Financial Group Inc. lessened its position in Gladstone Investment Co. (NASDAQ:GAIN) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,100 shares of the investment management company’s stock after selling 2,450 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Gladstone Investment were worth $452,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kentucky Trust Co purchased a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $26,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Gladstone Investment in the 4th quarter valued at approximately $136,000. Centiva Capital LP purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $192,000. Paloma Partners Management Co purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $239,000. Finally, Jane Street Group LLC purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $253,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $13.08 on Wednesday. The company has a market cap of $481.83 million, a PE ratio of 6.81 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 has a 50 day simple moving average of $13.41 and a 200 day simple moving average of $13.47.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, equities analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.18%. 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.