Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Shares Down 0.3% – Here’s What Happened

Shares of Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $24.03 and last traded at $24.04. Approximately 1,848 shares traded hands during trading, a decline of 63% from the average daily volume of 4,959 shares. The stock had previously closed at $24.12.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

The firm’s 50 day simple moving average is $24.07 and its 200-day simple moving average is $24.01.

Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were paid a $0.3047 dividend. This represents a $1.22 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, April 15th.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.

Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.