Albert D Mason Inc. Reduces Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Albert D Mason Inc. lowered its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,909 shares of the investment management company’s stock after selling 19,105 shares during the quarter. Albert D Mason Inc. owned about 0.14% of Gladstone Investment worth $661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its stake 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 valued at $12,496,000 after purchasing an additional 52,594 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Gladstone Investment by 1,345.0% in the 3rd 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 period. Jane Street Group LLC purchased a new position in Gladstone Investment in the 3rd quarter worth $253,000. Advisors Asset Management Inc. lifted its position in Gladstone Investment by 12.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock worth $2,304,000 after acquiring an additional 17,209 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Gladstone Investment during the 3rd quarter valued at about $239,000. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $13.25 on Friday. The firm has a market capitalization of $486.14 million, a P/E ratio of 12.50 and a beta of 1.30. The stock has a 50-day simple moving average of $13.37 and a two-hundred day simple moving average of $13.51. Gladstone Investment Co. has a fifty-two week low of $12.46 and a fifty-two week high of $14.85.

Gladstone Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Investment’s dividend payout ratio is currently 90.57%.

Analyst Upgrades and Downgrades

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

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.