Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Shares Down 0.4% – Should You Sell?

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) traded down 0.4% on Friday . The company traded as low as $25.06 and last traded at $25.0390. 1,969 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,167 shares. The stock had previously closed at $25.13.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Down 0.4%

The business has a 50 day moving average price of $25.07 and a two-hundred day moving average price of $25.07.

Gladstone Investment Co. 5.00% Notes Due 2026 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, April 15th.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

A hedge fund recently bought a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new position in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 accounts for about 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest position.

About Gladstone Investment Co. 5.00% Notes Due 2026

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.