Gladstone Investment Co. (GAIN) to Issue Dividend of $0.08 on May 30th

Gladstone Investment Co. (NASDAQ:GAIN) announced a dividend on Sunday, May 18th, investing.com reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.08 per share by the investment management company on Friday, May 30th. This represents a dividend yield of 6.53%. The ex-dividend date is Wednesday, May 21st.

Gladstone Investment has a payout ratio of 91.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Stock Performance

NASDAQ:GAIN opened at $14.70 on Monday. The firm has a market cap of $541.50 million, a PE ratio of 7.66 and a beta of 0.86. The business has a 50 day moving average price of $13.50 and a 200-day moving average price of $13.46. Gladstone Investment has a fifty-two week low of $11.42 and a fifty-two week high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. The business had revenue of $27.55 million for the quarter, compared to the consensus estimate of $24.96 million. Research analysts predict that Gladstone Investment will post 0.96 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gladstone Investment stock. NewEdge Advisors LLC boosted its position in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,626 shares of the investment management company’s stock after acquiring an additional 1,150 shares during the period. NewEdge Advisors LLC owned 0.05% of Gladstone Investment worth $262,000 as of its most recent filing with the Securities & Exchange Commission. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Gladstone Investment in a research report on Wednesday, May 14th. Citigroup lowered Gladstone Investment to a “neutral” rating in a research report on Wednesday.

About Gladstone Investment

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.