Gladstone Investment Corporation (GAIN) to Issue Monthly Dividend of $0.08 on January 30th

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be paid a dividend of 0.08 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Friday, January 23rd.

Gladstone Investment has increased its dividend by an average of 0.1%per year over the last three years. Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Price Performance

Gladstone Investment stock opened at $14.04 on Thursday. The stock’s fifty day moving average price is $13.88 and its two-hundred day moving average price is $13.97. The firm has a market cap of $556.69 million, a PE ratio of 5.62 and a beta of 0.84. Gladstone Investment has a one year low of $11.42 and a one year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Gladstone Investment had a return on equity of 7.12% and a net margin of 94.99%.The company had revenue of $25.28 million for the quarter, compared to analysts’ expectations of $24.58 million. Sell-side analysts expect that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Trading of Gladstone Investment

A number of hedge funds have recently made changes to their positions in the company. Melia Wealth LLC grew its position in shares of Gladstone Investment by 4.1% in the 2nd quarter. Melia Wealth LLC now owns 1,133,030 shares of the investment management company’s stock valued at $16,168,000 after buying an additional 44,232 shares during the last quarter. Realta Investment Advisors boosted its stake in shares of Gladstone Investment by 322.3% in the 2nd quarter. Realta Investment Advisors now owns 42,227 shares of the investment management company’s stock valued at $603,000 after purchasing an additional 32,227 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Gladstone Investment during the second quarter worth $23,814,000. Allworth Financial LP raised its stake in Gladstone Investment by 38,592.3% during the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock worth $72,000 after buying an additional 5,017 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in Gladstone Investment during the first quarter valued at $113,000. 11.85% of the stock is owned by institutional investors and hedge funds.

About Gladstone Investment

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.