Gladstone Investment (NASDAQ:GAIN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research note published on Monday.

Separately, B. Riley increased their price objective on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $13.67 on Monday. The firm has a market capitalization of $501.55 million, a P/E ratio of 12.90 and a beta of 1.33. The stock has a 50 day moving average price of $13.67 and a 200-day moving average price of $13.74. Gladstone Investment has a 52-week low of $12.46 and a 52-week high of $14.96.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 annualized dividend and a dividend yield of 7.02%. Gladstone Investment’s payout ratio is currently 90.57%.

Hedge Funds Weigh In On Gladstone Investment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in Gladstone Investment during the 3rd quarter valued at about $239,000. Advisors Asset Management Inc. lifted its stake in shares of Gladstone Investment by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock worth $2,304,000 after buying an additional 17,209 shares in the last quarter. United Advisor Group LLC grew its holdings in shares of Gladstone Investment by 1.9% during the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock valued at $1,013,000 after buying an additional 1,281 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Gladstone Investment by 6.2% during the third quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock valued at $12,496,000 after acquiring an additional 52,594 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Gladstone Investment by 1,345.0% during the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock valued at $457,000 after acquiring an additional 29,456 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors.

About Gladstone Investment

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.