Gladstone Investment (NASDAQ:GAIN) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Gladstone Investment Co. (NASDAQ:GAIN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.52 and traded as high as $13.66. Gladstone Investment shares last traded at $13.62, with a volume of 51,910 shares traded.

Gladstone Investment Trading Up 0.6 %

The company has a fifty day moving average price of $13.50 and a two-hundred day moving average price of $13.52. The company has a market cap of $501.72 million, a price-to-earnings ratio of 7.09 and a beta of 1.28.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results 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%. Sell-side analysts anticipate that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

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

Hedge Funds Weigh In On Gladstone Investment

Institutional investors have recently bought and sold shares of the business. Melia Wealth LLC raised its holdings in shares of Gladstone Investment by 3.6% in the fourth quarter. Melia Wealth LLC now owns 1,044,421 shares of the investment management company’s stock valued at $13,839,000 after buying an additional 36,298 shares during the last quarter. Van ECK Associates Corp increased its position in Gladstone Investment by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company’s stock valued at $12,327,000 after acquiring an additional 32,678 shares in the last quarter. LPL Financial LLC raised its stake in shares of Gladstone Investment by 17.8% in the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company’s stock worth $2,518,000 after acquiring an additional 28,660 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Gladstone Investment by 2.9% during the fourth quarter. Blair William & Co. IL now owns 161,745 shares of the investment management company’s stock valued at $2,143,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Gladstone Investment during the fourth quarter worth $1,431,000. Institutional investors own 11.85% of the company’s stock.

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.