Gladstone Investment Corporation (NASDAQ:GAIN) Stock to Pay Monthly Dividend of $0.08

Gladstone Investment Corporation (NASDAQ:GAIN – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.08 per share by the investment management company on Monday, November 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Thursday, November 19th.

Gladstone Investment has raised its dividend by an average of 0.1% annually over the last three years. Gladstone Investment has a payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 96.0%.

Gladstone Investment Stock Down 0.2%

GAIN opened at $15.32 on Wednesday. Gladstone Investment has a twelve month low of $13.11 and a twelve month high of $17.14. The company has a fifty day moving average of $16.06 and a 200-day moving average of $15.85. The stock has a market cap of $610.04 million, a PE ratio of 3.67 and a beta of 0.76.

Gladstone Investment (NASDAQ:GAIN – Get Free Report) last released its earnings results on Thursday, August 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $28.36 million for the quarter, compared to analyst estimates of $25.75 million. Gladstone Investment had a net margin of 158.95% and a return on equity of 5.90%. Sell-side analysts anticipate that Gladstone Investment will post 1.00 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Investment

A number of institutional investors have recently modified their holdings of GAIN. Integrated Wealth Concepts LLC purchased a new stake in Gladstone Investment during the second quarter valued at about $123,000. Van ECK Associates Corp boosted its position in Gladstone Investment by 35.8% during the second quarter. Van ECK Associates Corp now owns 804,098 shares of the investment management company’s stock worth $12,431,000 after purchasing an additional 212,170 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Gladstone Investment in the second quarter worth about $572,000. Cetera Investment Advisers increased its stake in shares of Gladstone Investment by 2.3% in the first quarter. Cetera Investment Advisers now owns 31,653 shares of the investment management company’s stock worth $449,000 after purchasing an additional 717 shares in the last quarter. Finally, Greenwood Gearhart LLC bought a new stake in shares of Gladstone Investment in the first quarter valued at approximately $254,000. 11.85% of the stock is owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

(Get Free Report)

Gladstone Investment Corporation (NASDAQ:GAIN) is an externally managed business development company that invests in established lower-middle-market businesses in the United States. The company seeks to provide capital to privately held companies that may have limited access to traditional financing.

Gladstone Investment primarily invests through secured and unsecured debt, subordinated debt and equity securities. Its investment activities support transactions such as management buyouts, recapitalizations, acquisitions and growth initiatives.

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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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