Gladstone Investment Co. 5.00% Notes Due 2026 (GAINN) Expected to Announce Earnings on Wednesday

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) is expected to be issuing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of $0.2140 per share and revenue of $25.8010 million for the quarter.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Performance

Gladstone Investment Co. 5.00% Notes Due 2026 stock opened at $25.04 on Wednesday. The firm’s fifty day moving average price is $25.10 and its 200-day moving average price is $25.07. Gladstone Investment Co. 5.00% Notes Due 2026 has a fifty-two week low of $24.57 and a fifty-two week high of $25.46.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a dividend of $0.3125 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.25 annualized dividend and a dividend yield of 5.0%.

Institutional Trading of Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. acquired a new stake in shares of Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 makes up approximately 2.8% of Karpus Management Inc.’s holdings, making the stock its 12th biggest position.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.