10,228 Shares in Gladstone Investment Co. (NASDAQ:GAIN) Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC purchased a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,228 shares of the investment management company’s stock, valued at approximately $136,000.

Several other institutional investors and hedge funds have also bought and sold shares of GAIN. Jane Street Group LLC acquired a new position in shares of Gladstone Investment in the 3rd quarter valued at about $253,000. Centiva Capital LP acquired a new position in Gladstone Investment in the third quarter valued at approximately $192,000. Paloma Partners Management Co acquired a new position in Gladstone Investment in the third quarter valued at approximately $239,000. Advisors Asset Management Inc. grew its stake in shares of Gladstone Investment by 12.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock worth $2,304,000 after purchasing an additional 17,209 shares during the period. Finally, United Advisor Group LLC grew its stake in shares of Gladstone Investment by 1.9% during the 3rd quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after purchasing an additional 1,281 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN opened at $13.54 on Tuesday. The business’s 50 day moving average price is $13.33 and its 200-day moving average price is $13.47. Gladstone Investment Co. has a 1 year low of $12.46 and a 1 year high of $14.85. The firm has a market capitalization of $496.77 million, a price-to-earnings ratio of 12.77 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $22.57 million for the quarter, compared to analysts’ expectations of $22.74 million. Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. During the same period in the previous year, the business earned $0.24 earnings per share. On average, sell-side analysts expect that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment’s dividend payout ratio (DPR) is presently 90.57%.

Analysts Set New Price Targets

GAIN has been the topic of a number of recent analyst reports. B. Riley increased their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

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.