Gladstone Investment Corporation (NASDAQ:GAIN) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its position in shares of Gladstone Investment Corporation (NASDAQ:GAIN) by 15.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,828 shares of the investment management company’s stock after buying an additional 1,600 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Gladstone Investment were worth $158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Albert D Mason Inc. raised its stake in shares of Gladstone Investment by 2.7% during the 1st quarter. Albert D Mason Inc. now owns 51,241 shares of the investment management company’s stock worth $685,000 after buying an additional 1,332 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Gladstone Investment in the 1st quarter valued at about $71,000. Ameriflex Group Inc. acquired a new position in Gladstone Investment in the 4th quarter valued at about $699,000. United Advisor Group LLC raised its stake in Gladstone Investment by 9.0% in the 4th quarter. United Advisor Group LLC now owns 76,389 shares of the investment management company’s stock valued at $1,012,000 after purchasing an additional 6,310 shares during the last quarter. Finally, State of Wyoming acquired a new position in Gladstone Investment in the 4th quarter valued at about $105,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

Gladstone Investment Price Performance

GAIN opened at $14.07 on Friday. The stock has a market capitalization of $518.34 million, a price-to-earnings ratio of 7.90 and a beta of 0.89. The business has a 50-day moving average of $14.17 and a two-hundred day moving average of $13.62. Gladstone Investment Corporation has a 12 month low of $11.42 and a 12 month high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $27.55 million during the quarter, compared to analysts’ expectations of $24.96 million. Gladstone Investment had a return on equity of 7.31% and a net margin of 69.74%. Equities research analysts anticipate that Gladstone Investment Corporation will post 0.96 earnings per share for the current year.

Gladstone Investment Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were issued a $0.08 dividend. This represents a yield of 6.55%. The ex-dividend date of this dividend was Wednesday, May 21st. Gladstone Investment’s dividend payout ratio (DPR) is 53.93%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup downgraded shares of Gladstone Investment to a “neutral” rating in a research note on Wednesday, May 14th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Gladstone Investment in a research note on Wednesday, May 14th. Finally, B. Riley raised shares of Gladstone Investment to a “hold” rating in a research note on Monday, June 16th.

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.