Gladstone Investment Co. (NASDAQ:GAIN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.18 and traded as high as $14.59. Gladstone Investment shares last traded at $14.53, with a volume of 138,831 shares.
Separately, Zacks Investment Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 6th.
The business’s 50 day moving average price is $14.46 and its 200-day moving average price is $14.18. The company has a market cap of $482.47 million, a price-to-earnings ratio of 5.38, a PEG ratio of 5.52 and a beta of 1.55.
The firm also recently announced a monthly dividend, which was paid on Thursday, September 30th. Stockholders of record on Wednesday, September 22nd were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Tuesday, September 21st. Gladstone Investment’s dividend payout ratio (DPR) is presently 121.74%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Gladstone Investment by 100.9% in the 2nd quarter. Bank of America Corp DE now owns 3,485 shares of the investment management company’s stock valued at $50,000 after acquiring an additional 1,750 shares during the period. Deutsche Bank AG bought a new position in shares of Gladstone Investment during the 2nd quarter worth approximately $61,000. Advisory Services Network LLC bought a new position in shares of Gladstone Investment during the 2nd quarter worth approximately $99,000. Millennium Management LLC bought a new position in shares of Gladstone Investment during the 2nd quarter worth approximately $146,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Gladstone Investment in the first quarter valued at $181,000. 12.23% of the stock is currently owned by institutional investors.
About Gladstone Investment (NASDAQ:GAIN)
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments.
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