International Assets Investment Management LLC Takes Position in Gladstone Investment Co. (NASDAQ:GAIN)

International Assets Investment Management LLC acquired a new stake in Gladstone Investment Co. (NASDAQ:GAIN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 144,189 shares of the investment management company’s stock, valued at approximately $2,040,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of Gladstone Investment in the first quarter valued at approximately $30,000. Bank of America Corp DE boosted its holdings in shares of Gladstone Investment by 103.7% in the first quarter. Bank of America Corp DE now owns 2,037 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,037 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Gladstone Investment in the second quarter valued at approximately $49,000. Tower Research Capital LLC TRC boosted its holdings in shares of Gladstone Investment by 217.9% in the first quarter. Tower Research Capital LLC TRC now owns 5,766 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 3,952 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Gladstone Investment in the fourth quarter valued at approximately $84,000. 11.85% of the stock is currently owned by institutional investors.

Gladstone Investment Stock Performance

Shares of NASDAQ:GAIN opened at $14.04 on Friday. The stock has a market capitalization of $515.11 million, a price-to-earnings ratio of 7.06 and a beta of 1.36. Gladstone Investment Co. has a 1-year low of $12.14 and a 1-year high of $14.96. The company has a 50 day moving average price of $14.00 and a 200 day moving average price of $14.02.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, February 6th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $23.08 million for the quarter, compared to the consensus estimate of $24.04 million. Gladstone Investment had a return on equity of 7.79% and a net margin of 80.68%. On average, sell-side analysts expect that Gladstone Investment Co. will post 1.01 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Investment’s payout ratio is 48.24%.

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.