Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 492 shares, a decline of 84.5% from the August 31st total of 3,166 shares. Based on an average daily volume of 1,568 shares, the days-to-cover ratio is presently 0.3 days.
Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.1%
NASDAQ:GAINZ traded down $0.02 during trading hours on Friday, reaching $24.27. 8,520 shares of the stock were exchanged, compared to its average volume of 9,228. Gladstone Investment Co. 4.875% Notes due 2028 has a twelve month low of $23.58 and a twelve month high of $24.50. The business has a 50-day moving average of $24.16 and a two-hundred day moving average of $24.07.
Gladstone Investment Co. 4.875% Notes due 2028 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.3047 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.22 annualized dividend and a yield of 5.0%.
About Gladstone Investment Co. 4.875% Notes due 2028
Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.
Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.
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