Gladstone Investment Co. (NASDAQ:GAIN) Short Interest Up 7.3% in November

Gladstone Investment Co. (NASDAQ:GAIN) was the target of a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 1,920,000 shares, an increase of 7.3% from the November 14th total of 1,790,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily volume of 135,700 shares, the days-to-cover ratio is presently 14.1 days.

A number of analysts have recently commented on GAIN shares. Zacks Investment Research cut shares of Gladstone Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. BidaskClub raised shares of Gladstone Investment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

Shares of Gladstone Investment stock traded up $0.07 during mid-day trading on Friday, reaching $14.76. 175,576 shares of the stock traded hands, compared to its average volume of 140,589. The business has a 50-day moving average of $13.87 and a 200 day moving average of $12.24. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $14.84. The stock has a market capitalization of $482.16 million, a PE ratio of 19.17 and a beta of 0.86.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Monday, November 4th. The investment management company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $16.64 million for the quarter, compared to the consensus estimate of $13.79 million. Gladstone Investment had a return on equity of 7.64% and a net margin of 55.29%. As a group, analysts forecast that Gladstone Investment will post 0.88 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 19th will be paid a $0.068 dividend. The ex-dividend date is Wednesday, December 18th. Gladstone Investment’s dividend payout ratio is currently 106.49%.

A number of hedge funds have recently made changes to their positions in GAIN. Commonwealth Equity Services LLC boosted its stake in Gladstone Investment by 17.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,521 shares of the investment management company’s stock worth $309,000 after purchasing an additional 4,107 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Gladstone Investment by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 166,374 shares of the investment management company’s stock worth $1,868,000 after buying an additional 960 shares during the last quarter. Aperio Group LLC grew its holdings in Gladstone Investment by 136.5% in the 2nd quarter. Aperio Group LLC now owns 32,895 shares of the investment management company’s stock valued at $369,000 after buying an additional 18,988 shares in the last quarter. Advisor Group Inc. grew its holdings in Gladstone Investment by 48.1% in the 2nd quarter. Advisor Group Inc. now owns 17,006 shares of the investment management company’s stock valued at $191,000 after buying an additional 5,524 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Gladstone Investment by 100.7% in the 2nd quarter. Wedbush Securities Inc. now owns 43,537 shares of the investment management company’s stock worth $489,000 after acquiring an additional 21,845 shares during the last quarter. Institutional investors own 13.39% of the company’s stock.

Gladstone Investment Company Profile

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.

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