Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Stock Price Up 0.2% – Still a Buy?

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN)’s stock price rose 0.2% during trading on Thursday . The company traded as high as $25.00 and last traded at $24.98. Approximately 3,889 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 7,860 shares. The stock had previously closed at $24.93.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.2%

The company has a 50 day moving average price of $24.87 and a 200 day moving average price of $24.80.

Gladstone Investment Co. 5.00% Notes Due 2026 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Tuesday, April 15th.

About Gladstone Investment Co. 5.00% Notes Due 2026

gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside.