Foundations Investment Advisors LLC Invests $220,000 in Gladstone Investment Corporation $GAIN

Foundations Investment Advisors LLC acquired a new stake in Gladstone Investment Corporation (NASDAQ:GAIN) in the 2nd quarter, Holdings Channel reports. The fund acquired 15,410 shares of the investment management company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in Gladstone Investment in the second quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Gladstone Investment by 37,400.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock worth $40,000 after buying an additional 2,992 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Gladstone Investment by 38,592.3% in the second quarter. Allworth Financial LP now owns 5,030 shares of the investment management company’s stock valued at $72,000 after buying an additional 5,017 shares during the period. Geneos Wealth Management Inc. bought a new position in Gladstone Investment during the first quarter valued at about $113,000. Finally, Focus Partners Wealth acquired a new position in Gladstone Investment during the first quarter worth about $261,000. Institutional investors own 11.85% of the company’s stock.

Analysts Set New Price Targets

GAIN has been the topic of several research reports. Wall Street Zen cut shares of Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research cut shares of Gladstone Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Gladstone Investment in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Gladstone Investment Stock Up 0.2%

NASDAQ:GAIN opened at $13.61 on Friday. The stock has a fifty day simple moving average of $13.85 and a 200 day simple moving average of $14.08. The firm has a market capitalization of $539.58 million, a price-to-earnings ratio of 6.27 and a beta of 0.91. Gladstone Investment Corporation has a 1-year low of $11.42 and a 1-year high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings data on Tuesday, November 4th. The investment management company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. The company had revenue of $25.28 million during the quarter, compared to analyst estimates of $24.58 million. Equities analysts predict that Gladstone Investment Corporation will post 0.96 earnings per share for the current year.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 7.1%. Gladstone Investment’s dividend payout ratio (DPR) is currently 38.40%.

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.