Gladstone Investment (NASDAQ:GAIN) Upgraded by StockNews.com to “Hold” Rating

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

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

Gladstone Investment Price Performance

Shares of GAIN opened at $13.67 on Monday. Gladstone Investment has a 1 year low of $12.46 and a 1 year high of $14.96. The stock has a 50 day simple moving average of $13.67 and a two-hundred day simple moving average of $13.74. The firm has a market cap of $501.55 million, a P/E ratio of 12.90 and a beta of 1.33.

Gladstone Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 7.02%. The ex-dividend date is Friday, December 20th. Gladstone Investment’s dividend payout ratio is presently 90.57%.

Hedge Funds Weigh In On Gladstone Investment

Large investors have recently bought and sold shares of the stock. Drive Wealth Management LLC bought a new position in shares of Gladstone Investment in the second quarter worth approximately $174,000. Virtu Financial LLC purchased a new stake in Gladstone Investment during the 1st quarter valued at $198,000. Paloma Partners Management Co bought a new stake in Gladstone Investment in the 3rd quarter worth $239,000. Private Advisor Group LLC increased its position in shares of Gladstone Investment by 6.9% in the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock valued at $358,000 after acquiring an additional 1,609 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Gladstone Investment by 1,345.0% during the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock valued at $457,000 after acquiring an additional 29,456 shares during the last quarter. 11.85% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Investment

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.