Raymond James Financial Inc. Takes $651,000 Position in Gladstone Investment Co. (NASDAQ:GAIN)

Raymond James Financial Inc. bought a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 49,095 shares of the investment management company’s stock, valued at approximately $651,000. Raymond James Financial Inc. owned about 0.13% of Gladstone Investment at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in Gladstone Investment by 17.8% in the 4th quarter. LPL Financial LLC now owns 190,065 shares of the investment management company’s stock valued at $2,518,000 after buying an additional 28,660 shares in the last quarter. Invesco Ltd. bought a new position in shares of Gladstone Investment during the fourth quarter valued at $1,393,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Gladstone Investment in the fourth quarter valued at about $250,000. Virtu Financial LLC acquired a new stake in shares of Gladstone Investment during the fourth quarter worth $315,000. Finally, Commonwealth Equity Services LLC grew its stake in Gladstone Investment by 4.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,065 shares of the investment management company’s stock worth $451,000 after purchasing an additional 1,365 shares during the period. Institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Down 0.4 %

Gladstone Investment stock opened at $13.77 on Thursday. Gladstone Investment Co. has a 12-month low of $11.42 and a 12-month high of $14.85. The company has a market capitalization of $507.10 million, a PE ratio of 7.17 and a beta of 0.86. The firm’s fifty day moving average is $13.40 and its 200 day moving average is $13.46.

Gladstone Investment (NASDAQ:GAIN) last posted its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. Sell-side analysts expect that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were given a dividend of $0.08 per share. The ex-dividend date was Monday, April 21st. This represents a yield of 7.08%. Gladstone Investment’s payout ratio is currently 50.00%.

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.