Gladstone Investment Corporation (NASDAQ:GAIN) Announces $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.08 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Friday, July 24th.

Gladstone Investment has increased its dividend payment by an average of 0.1%per year over the last three years. Gladstone Investment has a dividend payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Gladstone Investment to earn $0.92 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 104.3%.

Gladstone Investment Trading Up 0.5%

Shares of GAIN stock opened at $16.52 on Wednesday. The company’s 50-day moving average price is $15.76 and its 200-day moving average price is $14.83. The stock has a market cap of $657.83 million, a price-to-earnings ratio of 3.52 and a beta of 0.78. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, May 12th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Gladstone Investment had a net margin of 186.47% and a return on equity of 6.05%. The firm had revenue of $25.19 million during the quarter, compared to analysts’ expectations of $25.80 million. As a group, equities research analysts predict that Gladstone Investment will post 0.91 EPS for the current year.

Institutional Investors Weigh In On Gladstone Investment

A number of institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Gladstone Investment during the 4th quarter worth approximately $26,000. International Assets Investment Management LLC purchased a new stake in Gladstone Investment in the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. raised its position in Gladstone Investment by 960.8% in the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,804 shares during the period. Quantbot Technologies LP acquired a new position in Gladstone Investment during the second quarter worth $105,000. Finally, Bank of America Corp DE lifted its stake in Gladstone Investment by 272.1% during the third quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after purchasing an additional 6,542 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

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.