Geneos Wealth Management Inc. Takes Position in Gladstone Investment Corporation $GAIN

Geneos Wealth Management Inc. bought a new position in shares of Gladstone Investment Corporation (NASDAQ:GAIN) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,460 shares of the investment management company’s stock, valued at approximately $113,000.

A number of other large investors have also recently added to or reduced their stakes in GAIN. Northwestern Mutual Wealth Management Co. boosted its holdings in Gladstone Investment by 37,400.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,000 shares of the investment management company’s stock valued at $40,000 after acquiring an additional 2,992 shares during the period. Farther Finance Advisors LLC bought a new stake in Gladstone Investment during the 1st quarter valued at approximately $71,000. State of Wyoming bought a new stake in Gladstone Investment during the 4th quarter valued at approximately $105,000. Realta Investment Advisors bought a new stake in Gladstone Investment during the 1st quarter valued at approximately $134,000. Finally, Hardy Reed LLC bought a new stake in shares of Gladstone Investment in the first quarter valued at approximately $136,000. Institutional investors own 11.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised shares of Gladstone Investment to a “hold” rating in a report on Monday, June 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Gladstone Investment currently has a consensus rating of “Hold” and an average target price of $13.50.

Gladstone Investment Stock Performance

NASDAQ:GAIN opened at $13.98 on Thursday. The company has a 50-day moving average of $14.11 and a 200-day moving average of $13.93. The company has a market capitalization of $534.30 million, a price-to-earnings ratio of 6.44 and a beta of 0.94. Gladstone Investment Corporation has a 52 week low of $11.42 and a 52 week high of $15.34.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, August 12th. The investment management company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts forecast that Gladstone Investment Corporation will post 0.96 EPS for the current year.

Gladstone Investment Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, July 21st were given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, July 21st. Gladstone Investment’s dividend payout ratio (DPR) is 44.24%.

Gladstone Investment 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.