As of May 22, 2023, Gladstone Investment Co. has been making headlines for its recent financial activities. A major player in the investment management sphere, Gladstone Investment has caught the attention of financial analysts and investors alike with its latest moves.
One noteworthy development is the news that &LPL Financial LLC has grown its position in Gladstone Investment by 17.4% in the fourth quarter of last year. According to the Securities and Exchange Commission (SEC) filing, &LPL Financial LLC now owns 184,437 shares of the investment management company’s stock — an increase of 27,277 shares from the previous quarter. This growth means that LPL Financial LLC currently owns 0.55% of Gladstone Investment’s total worth at $2,381,000.
Aside from this significant increase in ownership by LPL Financial LLC, President David A.R Dullum recently made a purchase on behalf of Gladstone Investment Co., acquiring 3,000 shares of the organization’s stock at an average cost of $12.84 per share on March 14th. In total, this transaction represented a value of $38,520.00 and increased Dullum’s stake in the company to over $1.8 million worth of stock.
Moreover, investors have been paying close attention to Gladstone Investment’s recent dividend declaration which will be paid out on Wednesday May 31st — only nine days away at press time! The ex-dividend date stands at today’s date being Monday May 22nd indicating that investors who held stocks yesterday or earlier are eligible for dividends being paid on May 31st as opposed to those who buy stocks today or later when they will miss out on these returns generated through dividends.The payout ratio is significant comprising 7.08% yield representing almost three-quarters (73%) divested to shareholders and all suggesting fruitful returns for investors.
Overall it seems that Gladstone Investment Co. is a company worth watching in the current global economic climate, with its dividend payouts and increase in ownership from significant companies like &LPL Financial LLC and President David A.R Dullum contributing to its growth and potential success.
GAIN
Updated on: 23/05/2023
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Neutral
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Hedge Funds and Institutions Show Confidence in Gladstone Investment Co. (GAIN) with Increased Stakes
The investment industry is one that is constantly evolving. With new players entering the market each day, it is important for investors to pay close attention to the buying and selling habits of hedge funds and other institutional groups. Recently, a number of these organizations have added or reduced their stakes in Gladstone Investment Co. (GAIN), a popular investment management company.
Concorde Asset Management LLC, for instance, increased its stake in GAIN by 87.3% during the fourth quarter of the year 2022, now owning 92,119 shares worth $1,189,000 after purchasing an additional 42,924 shares during this period. Similarly Geneos Wealth Management Inc. took a bullish approach towards their investment; they purchased a new position in Gladstone Investment during the 4th quarter worth $199,000.
International Assets Investment Management LLC lifted its position in Gladstone Investment by 12.1% through the course of last year’s fourth quarter. This has led them to own 83,835 shares of GAIN stock valued at $1,082,000 after purchasing an additional 9,045 shares during this time period – clearly having faith in the potential growth opportunities available with GAIN.
Baird Financial Group Inc., one of the top-rated financial services companies worldwide also showed confidence in Gladstone’s business model as they purchased a significant stake in shares of Gladstone Investment during the Q3 October worth over $1 million dollars.
Finally yet importantly Marshall Wace LLP purchased a new position in Gladstone Investment around November last year which bore fruits as it was valued at about $525 thousand just recently before interest began to surge again among investors.
These collective moves made by some titans within Wall Street adds up to Hedge funds and other institutional investors owning roughly around 12 percent shareholdings within GAIN stocks – proving how confident even large-scale institutions are with their performance and current trajectory in the market.
Shares of GAIN stock opened at $13.10 on Monday with a fifty-day simple moving average of $13.21 and its 200-day simple moving average set at $13.47. Gladstone Investment Co.’s one-year low stands at $11.40 and a solid 1-year high of $15.86, making it an attractive choice for potential investors.
GAIN’s recent performance has also received attention from analysts who have given them quite favorable reviews: The Street raised Gladstone Investment from a “c+” rating to a “b” rating last February 2022 while StockNews.com started covering Gladstone Investment in a research report on Thursday recommending investors hold positions; two analysts have since rated the stock as a buy rating to the company’s moderate-buy rating and found its average price target to be around $13.17.
In conclusion, based on these reports, data and insights that have been presented over several months, GAIN is definitely interesting investment options for those looking for long-term, sustainable earnings – with valid basis that hedge funds and institutional investors are banking on the same discovery or upshot trends as well wouldn’t hurt investors considering investing in this field.