Insider Buying: Gladstone Investment Co. (NASDAQ:GAIN) President Buys 3,000 Shares of Stock

Gladstone Investment Co. (NASDAQ:GAINGet Rating) President David A. R. Dullum purchased 3,000 shares of Gladstone Investment stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average price of $12.84 per share, with a total value of $38,520.00. Following the acquisition, the president now owns 144,916 shares in the company, valued at approximately $1,860,721.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gladstone Investment Stock Down 1.9 %

Shares of Gladstone Investment stock opened at $12.79 on Friday. The firm’s 50 day moving average price is $13.65 and its 200-day moving average price is $13.41. Gladstone Investment Co. has a 52-week low of $11.40 and a 52-week high of $16.85. The company has a market cap of $427.89 million, a P/E ratio of 7.66 and a beta of 1.42.

Gladstone Investment (NASDAQ:GAINGet Rating) last released its earnings results on Wednesday, February 1st. The investment management company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $21.59 million for the quarter, compared to the consensus estimate of $19.83 million. Gladstone Investment had a net margin of 69.10% and a return on equity of 7.27%. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts forecast that Gladstone Investment Co. will post 1.11 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 7.51%. The ex-dividend date is Thursday, March 16th. Gladstone Investment’s dividend payout ratio is presently 57.49%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GAIN shares. StockNews.com started coverage on shares of Gladstone Investment in a report on Thursday. They issued a “hold” rating for the company. TheStreet raised shares of Gladstone Investment from a “c+” rating to a “b” rating in a research report on Monday, February 6th. Finally, B. Riley assumed coverage on shares of Gladstone Investment in a research report on Monday, December 12th. They issued a “buy” rating and a $12.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.17.

Institutional Trading of Gladstone Investment

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new stake in Gladstone Investment during the 1st quarter worth approximately $30,000. JPMorgan Chase & Co. purchased a new stake in Gladstone Investment during the 2nd quarter worth approximately $49,000. State of Wyoming purchased a new stake in Gladstone Investment during the 4th quarter worth approximately $84,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gladstone Investment by 1,826.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,634 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 9,134 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at $133,000. Hedge funds and other institutional investors own 12.14% of the company’s stock.

About Gladstone Investment

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Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments.

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