Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Down 0.2% – Time to Sell?

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) shares were down 0.2% during mid-day trading on Wednesday . The stock traded as low as $22.79 and last traded at $22.92. Approximately 341 shares changed hands during trading, a decline of 92% from the average daily volume of 4,331 shares. The stock had previously closed at $22.97.

Gladstone Investment Co. 4.875% Notes due 2028 Price Performance

The company’s 50 day moving average price is $22.91 and its two-hundred day moving average price is $23.19.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were paid a $0.3047 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Tuesday, April 15th.

About Gladstone Investment Co. 4.875% Notes due 2028

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.