International Assets Investment Management LLC Invests $2.04 Million in Gladstone Investment Co. (NASDAQ:GAIN)

International Assets Investment Management LLC acquired a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 144,189 shares of the investment management company’s stock, valued at approximately $2,040,000. International Assets Investment Management LLC owned approximately 0.43% of Gladstone Investment at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in Gladstone Investment in the 4th quarter worth approximately $218,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Gladstone Investment in the 4th quarter worth approximately $247,000. Raymond James & Associates grew its stake in Gladstone Investment by 80.8% in the 4th quarter. Raymond James & Associates now owns 49,600 shares of the investment management company’s stock worth $702,000 after acquiring an additional 22,173 shares during the period. Sound Income Strategies LLC purchased a new stake in Gladstone Investment in the 4th quarter worth approximately $440,000. Finally, Tudor Investment Corp Et Al grew its stake in Gladstone Investment by 14.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 59,096 shares of the investment management company’s stock worth $753,000 after acquiring an additional 7,659 shares during the period. 11.85% of the stock is owned by hedge funds and other institutional investors.

Gladstone Investment Stock Performance

GAIN stock opened at $14.04 on Friday. The stock has a market capitalization of $515.11 million, a P/E ratio of 7.06 and a beta of 1.36. Gladstone Investment Co. has a one year low of $12.14 and a one year high of $14.96. The company has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $14.02.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $23.08 million during the quarter, compared to analyst estimates of $24.04 million. Gladstone Investment had a net margin of 80.68% and a return on equity of 7.79%. Research analysts forecast that Gladstone Investment Co. will post 1.01 earnings per share for the current fiscal year.

Gladstone Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.84%. Gladstone Investment’s dividend payout ratio (DPR) is presently 48.24%.

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.