Gladstone Investment Corporation (NASDAQ:GAIN) Director Walter H. Wilkinson purchased 5,730 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average price of $10.84 per share, for a total transaction of $62,113.20. Following the purchase, the director now owns 14,416 shares in the company, valued at approximately $156,269.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Gladstone Investment Corporation (NASDAQ:GAIN) remained flat at $$10.83 during trading hours on Wednesday. The company had a trading volume of 127,400 shares, compared to its average volume of 167,473. Gladstone Investment Corporation has a fifty-two week low of $7.95 and a fifty-two week high of $11.17. The stock has a market cap of $352.26, a price-to-earnings ratio of 15.70 and a beta of 0.71.

Gladstone Investment (NASDAQ:GAIN) last announced its earnings results on Wednesday, November 1st. The investment management company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Gladstone Investment had a net margin of 80.07% and a return on equity of 6.95%. The firm had revenue of $13.13 million for the quarter, compared to analyst estimates of $12.22 million. sell-side analysts predict that Gladstone Investment Corporation will post 0.71 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, December 4th. This represents a dividend yield of 7.93%. Gladstone Investment’s payout ratio is presently 57.78%.

Several large investors have recently made changes to their positions in GAIN. Tudor Investment Corp ET AL grew its position in shares of Gladstone Investment by 10.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 11,952 shares of the investment management company’s stock worth $112,000 after purchasing an additional 1,152 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of Gladstone Investment during the 3rd quarter worth approximately $113,000. Stratos Wealth Partners LTD. grew its position in shares of Gladstone Investment by 19.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,614 shares of the investment management company’s stock worth $137,000 after purchasing an additional 2,382 shares in the last quarter. Yellowstone Partners LLC acquired a new position in shares of Gladstone Investment during the 3rd quarter worth approximately $162,000. Finally, Parametric Portfolio Associates LLC grew its position in shares of Gladstone Investment by 0.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,727 shares of the investment management company’s stock worth $176,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 17.82% of the company’s stock.

GAIN has been the topic of a number of research reports. Zacks Investment Research lowered shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. BidaskClub lowered shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Jefferies Group reiterated a “hold” rating and issued a $9.00 price target on shares of Gladstone Investment in a research note on Wednesday, August 16th. Finally, ValuEngine lowered shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.00.

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About Gladstone Investment

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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