Private Advisor Group LLC Buys 9,504 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Private Advisor Group LLC raised its stake in Gladstone Investment Co. (NASDAQ:GAIN) by 58.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,674 shares of the investment management company’s stock after acquiring an additional 9,504 shares during the quarter. Private Advisor Group LLC owned about 0.08% of Gladstone Investment worth $363,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of Gladstone Investment during the 4th quarter worth approximately $2,040,000. Van ECK Associates Corp grew its position in shares of Gladstone Investment by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 618,560 shares of the investment management company’s stock worth $8,753,000 after purchasing an additional 58,934 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Gladstone Investment during the 4th quarter worth approximately $440,000. WINTON GROUP Ltd acquired a new position in shares of Gladstone Investment during the 3rd quarter worth approximately $369,000. Finally, Raymond James & Associates grew its position in shares of Gladstone Investment by 80.8% during the 4th quarter. Raymond James & Associates now owns 49,600 shares of the investment management company’s stock worth $702,000 after purchasing an additional 22,173 shares in the last quarter. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Price Performance

Shares of Gladstone Investment stock opened at $13.94 on Thursday. Gladstone Investment Co. has a fifty-two week low of $12.14 and a fifty-two week high of $14.96. The firm has a market capitalization of $511.44 million, a P/E ratio of 5.62 and a beta of 1.33. The company’s 50 day moving average price is $14.06 and its two-hundred day moving average price is $14.23.

Gladstone Investment Dividend Announcement

The business also recently announced 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 is Tuesday, June 18th. This represents a $0.96 dividend on an annualized basis and a yield of 6.89%. Gladstone Investment’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

A number of research analysts have issued reports on GAIN shares. B. Riley restated a “neutral” rating and set a $14.00 target price (up previously from $13.50) on shares of Gladstone Investment in a research report on Friday, May 10th. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $14.00 price target on shares of Gladstone Investment in a research report on Thursday, May 9th.

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.