Gladstone Investment Co. (NASDAQ:GAIN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its position in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 9.8% in the 4th quarter, Holdings Channel reports. The firm owned 9,190 shares of the investment management company’s stock after selling 1,000 shares during the period. Wells Fargo & Company MN’s holdings in Gladstone Investment were worth $122,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its position in Gladstone Investment by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 930,346 shares of the investment management company’s stock worth $12,327,000 after buying an additional 32,678 shares in the last quarter. LPL Financial LLC increased its position in shares of Gladstone Investment by 17.8% during the fourth quarter. LPL Financial LLC now owns 190,065 shares of the investment management company’s stock valued at $2,518,000 after acquiring an additional 28,660 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Gladstone Investment by 2.9% in the 4th quarter. Blair William & Co. IL now owns 161,745 shares of the investment management company’s stock valued at $2,143,000 after acquiring an additional 4,552 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Gladstone Investment during the 4th quarter worth approximately $1,431,000. Finally, Atlantic Union Bankshares Corp boosted its position in shares of Gladstone Investment by 1.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 90,418 shares of the investment management company’s stock worth $1,198,000 after purchasing an additional 873 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN opened at $13.75 on Friday. The firm has a market capitalization of $506.51 million, a PE ratio of 7.16 and a beta of 0.86. Gladstone Investment Co. has a 1 year low of $11.42 and a 1 year high of $14.85. The firm’s 50-day moving average is $13.41 and its two-hundred day moving average is $13.45.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Wednesday, February 12th. The investment management company reported $0.23 EPS 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%. Analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were given a $0.08 dividend. This represents a yield of 7.08%. The ex-dividend date of this dividend was Monday, April 21st. Gladstone Investment’s dividend payout ratio (DPR) is presently 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.