LPL Financial LLC grew its position in Gladstone Investment Co. (NASDAQ:GAIN – Get Rating) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,437 shares of the investment management company’s stock after buying an additional 27,277 shares during the period. LPL Financial LLC owned 0.55% of Gladstone Investment worth $2,381,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GAIN. Concorde Asset Management LLC increased its stake in Gladstone Investment by 87.3% during the fourth quarter. Concorde Asset Management LLC now owns 92,119 shares of the investment management company’s stock worth $1,189,000 after purchasing an additional 42,924 shares during the period. Geneos Wealth Management Inc. 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% in the fourth quarter. International Assets Investment Management LLC now owns 83,835 shares of the investment management company’s stock valued at $1,082,000 after purchasing an additional 9,045 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of Gladstone Investment during the 3rd quarter worth $1,248,000. Finally, Marshall Wace LLP purchased a new position in Gladstone Investment in the third quarter valued at about $525,000. Hedge funds and other institutional investors own 12.14% of the company’s stock.
Gladstone Investment Trading Up 0.2 %
Shares of GAIN stock opened at $13.10 on Monday. The stock’s fifty day simple moving average is $13.21 and its 200-day simple moving average is $13.47. Gladstone Investment Co. has a 1-year low of $11.40 and a 1-year high of $15.86. The company has a market capitalization of $440.03 million, a price-to-earnings ratio of 10.00 and a beta of 1.43.
Gladstone Investment Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a dividend yield of 7.08%. Gladstone Investment’s dividend payout ratio (DPR) is presently 73.28%.
Analyst Upgrades and Downgrades
GAIN has been the topic of a number of analyst reports. TheStreet raised Gladstone Investment from a “c+” rating to a “b” rating in a research note on Monday, February 6th. StockNews.com started coverage on Gladstone Investment in a research report on Thursday. They set a “hold” rating on the stock. Two 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, Gladstone Investment presently has an average rating of “Moderate Buy” and an average price target of $13.17.
Insider Buying and Selling
In other news, President David A. R. Dullum bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average cost of $12.84 per share, for a total transaction of $38,520.00. Following the completion of the purchase, the president now owns 144,916 shares of the company’s stock, valued at approximately $1,860,721.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.
Gladstone Investment Profile
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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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