Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Stock Price Down 0.6% – Time to Sell?

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ)’s share price fell 0.6% during trading on Tuesday . The company traded as low as $23.91 and last traded at $23.9060. 241 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 4,751 shares. The stock had previously closed at $24.05.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Down 0.6%

The stock has a 50 day moving average price of $23.85 and a two-hundred day moving average price of $23.51.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Shareholders of record on Wednesday, October 15th were given a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, October 15th.

About Gladstone Investment Co. 4.875% Notes due 2028

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.