Gladstone Investment Corporation (NASDAQ:GAIN) Short Interest Update

Gladstone Investment Corporation (NASDAQ:GAIN) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 607,649 shares, a decrease of 51.1% from the April 15th total of 1,242,066 shares. Based on an average trading volume of 418,033 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GAIN. Royal Bank of Canada lifted its position in Gladstone Investment by 6.8% in the first quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock worth $1,010,000 after purchasing an additional 4,826 shares during the period. NewEdge Advisors LLC lifted its position in Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock worth $262,000 after purchasing an additional 1,150 shares during the period. Jane Street Group LLC bought a new position in Gladstone Investment in the first quarter worth $302,000. Focus Partners Wealth bought a new position in shares of Gladstone Investment during the first quarter valued at $261,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,804 shares during the period. 11.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GAIN has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a research report on Friday, March 27th. Zacks Research raised Gladstone Investment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Oppenheimer increased their price objective on Gladstone Investment from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday. Wall Street Zen cut Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, B. Riley Financial raised Gladstone Investment from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.50 to $16.50 in a research report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.75.

Gladstone Investment Trading Down 1.0%

GAIN stock traded down $0.17 during midday trading on Friday, hitting $16.41. The stock had a trading volume of 278,547 shares, compared to its average volume of 498,291. The firm has a market capitalization of $653.48 million, a price-to-earnings ratio of 3.50 and a beta of 0.81. Gladstone Investment has a 52 week low of $13.11 and a 52 week high of $17.14. The stock has a 50-day simple moving average of $15.10 and a 200 day simple moving average of $14.31.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $25.19 million during the quarter, compared to the consensus estimate of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. On average, equities analysts forecast that Gladstone Investment will post 0.91 EPS for the current year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Investment’s dividend payout ratio (DPR) is 20.47%.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.