LPL Financial LLC Sells 3,409 Shares of Gladstone Investment Corporation $GAIN

LPL Financial LLC lowered its position in shares of Gladstone Investment Corporation (NASDAQ:GAIN) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,656 shares of the investment management company’s stock after selling 3,409 shares during the period. LPL Financial LLC owned about 0.51% of Gladstone Investment worth $2,494,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GAIN. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Gladstone Investment by 4.2% during the first quarter. Cassaday & Co Wealth Management LLC now owns 112,500 shares of the investment management company’s stock worth $1,503,000 after purchasing an additional 4,500 shares during the period. Legacy Capital Wealth Partners LLC raised its position in Gladstone Investment by 11.8% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 106,088 shares of the investment management company’s stock valued at $1,417,000 after purchasing an additional 11,232 shares during the last quarter. Invesco Ltd. purchased a new stake in Gladstone Investment in the 4th quarter worth approximately $1,393,000. United Advisor Group LLC grew its position in shares of Gladstone Investment by 9.0% in the 4th quarter. United Advisor Group LLC now owns 76,389 shares of the investment management company’s stock worth $1,012,000 after buying an additional 6,310 shares during the last quarter. Finally, Virtus ETF Advisers LLC grew its position in shares of Gladstone Investment by 19.6% in the 4th quarter. Virtus ETF Advisers LLC now owns 67,802 shares of the investment management company’s stock worth $898,000 after buying an additional 11,121 shares during the last quarter. Institutional investors own 11.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Gladstone Investment in a report on Wednesday, May 14th. Citigroup lowered shares of Gladstone Investment to a “neutral” rating in a report on Wednesday, May 14th. Finally, B. Riley raised shares of Gladstone Investment to a “hold” rating in a research note on Monday, June 16th.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN opened at $14.27 on Tuesday. The company has a market cap of $545.40 million, a PE ratio of 6.58 and a beta of 0.92. The firm’s 50 day moving average price is $14.11 and its 200-day moving average price is $13.87. Gladstone Investment Corporation has a 52-week low of $11.42 and a 52-week high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $23.54 million during the quarter, compared to analysts’ expectations of $23.87 million. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. On average, analysts forecast that Gladstone Investment Corporation will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were paid a $0.08 dividend. This represents a dividend yield of 681.0%. The ex-dividend date was Monday, July 21st. Gladstone Investment’s dividend payout ratio (DPR) is 44.24%.

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.