Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading 0.4% Higher – Still a Buy?

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) shot up 0.4% on Wednesday . The stock traded as high as $24.00 and last traded at $23.99. 10,015 shares changed hands during trading, an increase of 113% from the average session volume of 4,692 shares. The stock had previously closed at $23.90.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Up 0.4%

The business has a 50 day simple moving average of $23.85 and a 200-day simple moving average of $23.60.

Gladstone Investment Co. 4.875% Notes due 2028 Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Wednesday, October 15th were issued 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.