Gladstone Investment (NASDAQ:GAIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Gladstone Investment (NASDAQ:GAIN) from a sell rating to a hold rating in a research note published on Monday.

Separately, B. Riley boosted their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $13.70 on Monday. The firm’s fifty day moving average price is $13.65 and its two-hundred day moving average price is $13.74. The stock has a market cap of $502.65 million, a PE ratio of 12.92 and a beta of 1.33. Gladstone Investment has a fifty-two week low of $12.46 and a fifty-two week high of $14.96.

Gladstone Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.01%. Gladstone Investment’s dividend payout ratio (DPR) is presently 90.57%.

Hedge Funds Weigh In On Gladstone Investment

A number of hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Gladstone Investment by 6.2% during the third quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after purchasing an additional 52,594 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Gladstone Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company’s stock worth $2,312,000 after purchasing an additional 10,018 shares during the period. Blair William & Co. IL lifted its holdings in shares of Gladstone Investment by 0.9% during the second quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company’s stock worth $2,186,000 after purchasing an additional 1,469 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of Gladstone Investment during the second quarter worth $1,425,000. Finally, United Advisor Group LLC lifted its holdings in Gladstone Investment by 1.9% in the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock valued at $1,013,000 after buying an additional 1,281 shares during the period. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Company 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.