Union Bancaire Privee UBP SA Has $283,000 Stock Holdings in Gladstone Investment Corporation $GAIN

Union Bancaire Privee UBP SA lifted its stake in shares of Gladstone Investment Corporation (NASDAQ:GAIN) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,806 shares of the investment management company’s stock after purchasing an additional 959 shares during the period. Union Bancaire Privee UBP SA’s holdings in Gladstone Investment were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cornerstone Wealth Management LLC raised its position in Gladstone Investment by 15.6% during the first quarter. Cornerstone Wealth Management LLC now owns 11,828 shares of the investment management company’s stock valued at $158,000 after buying an additional 1,600 shares during the period. Millennium Management LLC acquired a new position in Gladstone Investment during the fourth quarter valued at $411,000. Farther Finance Advisors LLC acquired a new position in Gladstone Investment during the first quarter valued at $71,000. Kingstone Capital Partners Texas LLC acquired a new position in Gladstone Investment during the second quarter valued at $23,814,000. Finally, Melia Wealth LLC raised its position in Gladstone Investment by 4.2% during the first quarter. Melia Wealth LLC now owns 1,088,798 shares of the investment management company’s stock valued at $14,546,000 after buying an additional 44,377 shares during the period. 11.85% of the stock is owned by institutional investors and hedge funds.

Gladstone Investment Price Performance

Shares of GAIN stock opened at $13.93 on Thursday. Gladstone Investment Corporation has a fifty-two week low of $11.42 and a fifty-two week high of $15.34. The stock’s 50-day moving average is $14.07 and its two-hundred day moving average is $13.97. The firm has a market cap of $532.40 million, a P/E ratio of 6.42 and a beta of 0.93.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Gladstone Investment had a return on equity of 7.33% and a net margin of 83.78%.The company had revenue of $23.54 million for the quarter, compared to analyst estimates of $23.87 million. As a group, research analysts expect that Gladstone Investment Corporation will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were given a $0.08 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Investment’s dividend payout ratio is presently 44.24%.

Wall Street Analyst Weigh In

Separately, B. Riley raised Gladstone Investment to a “hold” rating in a research report on Monday, June 16th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.50.

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.