Blair William & Co. IL Acquires 4,552 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Blair William & Co. IL increased its stake in Gladstone Investment Co. (NASDAQ:GAIN) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 161,745 shares of the investment management company’s stock after purchasing an additional 4,552 shares during the quarter. Blair William & Co. IL’s holdings in Gladstone Investment were worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GAIN. Union Bancaire Privee UBP SA bought a new position in shares of Gladstone Investment during the 4th quarter worth about $250,000. Virtu Financial LLC acquired a new position in Gladstone Investment during the 4th quarter worth approximately $315,000. Jane Street Group LLC bought a new position in Gladstone Investment in the third quarter worth approximately $253,000. Centiva Capital LP acquired a new stake in Gladstone Investment in the third quarter valued at approximately $192,000. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Gladstone Investment by 1.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 90,418 shares of the investment management company’s stock valued at $1,198,000 after acquiring an additional 873 shares in the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Stock Up 0.7 %

Shares of NASDAQ:GAIN opened at $13.46 on Wednesday. The stock’s 50 day moving average is $13.51 and its 200-day moving average is $13.55. Gladstone Investment Co. has a twelve month low of $12.46 and a twelve month high of $14.85. The firm has a market capitalization of $495.83 million, a price-to-earnings ratio of 7.01 and a beta of 1.28.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Equities research analysts anticipate that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 7.18%. Gladstone Investment’s dividend payout ratio (DPR) is currently 50.00%.

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.