Gladstone Investment Co. (NASDAQ:GAIN) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its stake in Gladstone Investment Co. (NASDAQ:GAIN) by 17.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 190,065 shares of the investment management company’s stock after acquiring an additional 28,660 shares during the quarter. LPL Financial LLC’s holdings in Gladstone Investment were worth $2,518,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Gladstone Investment during the fourth quarter worth $315,000. Commonwealth Equity Services LLC lifted its stake in Gladstone Investment by 4.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 34,065 shares of the investment management company’s stock worth $451,000 after acquiring an additional 1,365 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in 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 acquiring an additional 873 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Gladstone Investment during the 4th quarter valued at about $651,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Gladstone Investment in the 4th quarter valued at about $250,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Price Performance

Shares of NASDAQ:GAIN opened at $13.25 on Monday. The firm’s 50-day moving average is $13.37 and its two-hundred day moving average is $13.48. Gladstone Investment Co. has a 1 year low of $11.42 and a 1 year high of $14.85. The firm has a market capitalization of $488.09 million, a PE ratio of 6.90 and a beta of 1.12.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. Analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, April 21st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.96 dividend on an annualized basis and a yield of 7.25%. Gladstone Investment’s dividend payout ratio (DPR) is presently 50.00%.

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.