Kentucky Trust Co Purchases New Position in Gladstone Investment Co. (NASDAQ:GAIN)

Kentucky Trust Co purchased a new stake in Gladstone Investment Co. (NASDAQ:GAIN) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,000 shares of the investment management company’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in Gladstone Investment by 6.2% in the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock valued at $12,496,000 after buying an additional 52,594 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Gladstone Investment in the 4th quarter valued at about $250,000. International Assets Investment Management LLC grew its stake in Gladstone Investment by 1,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock valued at $457,000 after buying an additional 29,456 shares during the last quarter. Jane Street Group LLC acquired a new position in Gladstone Investment in the 3rd quarter valued at about $253,000. Finally, Centiva Capital LP bought a new stake in Gladstone Investment in the 3rd quarter valued at about $192,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Stock Down 1.3 %

NASDAQ GAIN opened at $13.31 on Thursday. The company has a market capitalization of $488.34 million, a P/E ratio of 12.56 and a beta of 1.30. Gladstone Investment Co. has a 12-month low of $12.46 and a 12-month high of $14.85. The firm has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $13.42.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. Equities analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on GAIN. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley boosted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th.

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.