Aquatic Capital Management LLC Makes New $173,000 Investment in Gladstone Investment Co. (NASDAQ:GAIN)

Aquatic Capital Management LLC bought a new position in Gladstone Investment Co. (NASDAQ:GAIN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,028 shares of the investment management company’s stock, valued at approximately $173,000.

Several other institutional investors have also made changes to their positions in GAIN. Kentucky Trust Co acquired a new position in Gladstone Investment in the 4th quarter worth approximately $26,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Gladstone Investment in the fourth quarter valued at $136,000. NewEdge Advisors LLC boosted its position in shares of Gladstone Investment by 801.3% in the fourth quarter. NewEdge Advisors LLC now owns 18,476 shares of the investment management company’s stock worth $245,000 after buying an additional 16,426 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Gladstone Investment during the fourth quarter valued at $250,000. Finally, Jane Street Group LLC acquired a new position in Gladstone Investment during the third quarter valued at $253,000. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Trading Up 2.7 %

Shares of NASDAQ GAIN opened at $13.99 on Monday. Gladstone Investment Co. has a one year low of $11.42 and a one year high of $14.85. The business has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $13.45. The firm has a market capitalization of $515.35 million, a PE ratio of 7.29 and a beta of 1.12.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. Research analysts anticipate that Gladstone Investment Co. will post 0.96 EPS for the current year.

Gladstone Investment Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, April 21st. This represents a dividend yield of 7.08%. Gladstone Investment’s dividend payout ratio is 50.00%.

Gladstone Investment Company 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.