Trexquant Investment LP Acquires New Position in Gladstone Investment Co. (NASDAQ:GAIN)

Trexquant Investment LP acquired a new stake in Gladstone Investment Co. (NASDAQ:GAINFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,675 shares of the investment management company’s stock, valued at approximately $151,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted 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 valued at $8,753,000 after acquiring an additional 58,934 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Gladstone Investment during the 4th quarter valued at approximately $2,040,000. Strategic Financial Concepts LLC acquired a new stake in shares of Gladstone Investment during the 4th quarter valued at approximately $218,000. Jump Financial LLC acquired a new stake in shares of Gladstone Investment during the 4th quarter valued at approximately $294,000. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Gladstone Investment by 3.6% during the 4th quarter. Johnson Investment Counsel Inc. now owns 22,582 shares of the investment management company’s stock valued at $320,000 after acquiring an additional 790 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on GAIN

Gladstone Investment Price Performance

Shares of Gladstone Investment stock opened at $14.13 on Thursday. Gladstone Investment Co. has a 1 year low of $12.14 and a 1 year high of $14.96. The company has a market capitalization of $518.42 million, a P/E ratio of 5.70 and a beta of 1.30. The business has a 50 day moving average price of $14.07 and a 200 day moving average price of $14.18.

Gladstone Investment (NASDAQ:GAINGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $23.65 million for the quarter, compared to analyst estimates of $22.94 million. Gladstone Investment had a return on equity of 7.33% and a net margin of 97.71%. As a group, research analysts expect that Gladstone Investment Co. will post 1.01 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.96 annualized dividend and a yield of 6.79%. Gladstone Investment’s payout ratio is currently 38.71%.

Gladstone Investment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gladstone Investment (NASDAQ:GAIN)

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