Union Bancaire Privee UBP SA Takes $250,000 Position in Gladstone Investment Co. (NASDAQ:GAIN)

Union Bancaire Privee UBP SA bought a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 18,847 shares of the investment management company’s stock, valued at approximately $250,000.

Several other institutional investors have also recently made changes to their positions in GAIN. Van ECK Associates Corp grew its position in Gladstone Investment by 6.2% during the 3rd 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. International Assets Investment Management LLC boosted its stake in shares of Gladstone Investment by 1,345.0% in the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after buying an additional 29,456 shares during the last quarter. Jane Street Group LLC acquired a new stake in Gladstone Investment during the third quarter worth about $253,000. Centiva Capital LP purchased a new position in Gladstone Investment during the third quarter valued at approximately $192,000. Finally, Private Advisor Group LLC lifted its holdings in 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. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. B. Riley lifted their price objective on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, November 11th.

Gladstone Investment Trading Down 1.4 %

Shares of GAIN opened at $13.35 on Wednesday. The firm has a market cap of $489.81 million, a P/E ratio of 12.59 and a beta of 1.30. The stock’s 50 day moving average is $13.32 and its two-hundred day moving average is $13.47. Gladstone Investment Co. has a 12 month low of $12.46 and a 12 month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Thursday, November 7th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $22.57 million for the quarter, compared to analyst estimates of $22.74 million. Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities research analysts forecast that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 27th will be issued a $0.08 dividend. This represents a yield of 7.18%. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Investment’s payout ratio is 90.57%.

Gladstone Investment 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.