Raymond James & Associates Has $702,000 Stake in Gladstone Investment Co. (NASDAQ:GAIN)

Raymond James & Associates lifted its stake in Gladstone Investment Co. (NASDAQ:GAIN) by 80.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,600 shares of the investment management company’s stock after acquiring an additional 22,173 shares during the period. Raymond James & Associates owned 0.15% of Gladstone Investment worth $702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its position in shares of Gladstone Investment by 19.5% in the third quarter. Private Advisor Group LLC now owns 16,170 shares of the investment management company’s stock valued at $206,000 after purchasing an additional 2,635 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Gladstone Investment in the third quarter valued at about $369,000. Sound Income Strategies LLC acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at about $440,000. Virtus ETF Advisers LLC increased its stake in shares of Gladstone Investment by 120.3% in the third quarter. Virtus ETF Advisers LLC now owns 37,631 shares of the investment management company’s stock worth $479,000 after purchasing an additional 20,549 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in shares of Gladstone Investment by 5.5% during the 3rd quarter. Belpointe Asset Management LLC now owns 40,507 shares of the investment management company’s stock worth $516,000 after purchasing an additional 2,118 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Stock Up 0.1 %

GAIN opened at $14.22 on Wednesday. The stock’s 50 day moving average price is $14.00 and its two-hundred day moving average price is $14.05. The firm has a market capitalization of $521.72 million, a P/E ratio of 7.15 and a beta of 1.36. Gladstone Investment Co. has a 12-month low of $12.14 and a 12-month high of $14.96.

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

Gladstone Investment Dividend Announcement

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 given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.96 annualized dividend and a yield of 6.75%. Gladstone Investment’s dividend payout ratio is 48.24%.

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.