Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) Trading Up 0.1% – Here’s What Happened

Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) rose 0.1% during mid-day trading on Monday . The company traded as high as $25.04 and last traded at $25.0990. Approximately 2,345 shares changed hands during trading, a decline of 26% from the average daily volume of 3,151 shares. The stock had previously closed at $25.07.

Gladstone Investment Co. 5.00% Notes Due 2026 Stock Up 0.1%

The stock’s 50 day moving average is $25.06 and its 200 day moving average is $25.07.

Hedge Funds Weigh In On Gladstone Investment Co. 5.00% Notes Due 2026

An institutional investor recently bought a new position in Gladstone Investment Co. 5.00% Notes Due 2026 stock. Karpus Management Inc. purchased a new stake in Gladstone Investment Co. 5.00% Notes Due 2026 (NASDAQ:GAINN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 537,845 shares of the company’s stock, valued at approximately $13,527,000. Gladstone Investment Co. 5.00% Notes Due 2026 accounts for approximately 2.8% of Karpus Management Inc.’s investment portfolio, making the stock its 12th biggest position.

Gladstone Investment Co. 5.00% Notes Due 2026 Company Profile

Issued by Gladstone Investment Corporation, the Gladstone Investment Co 5.00% Notes due 2026 (NASDAQ: GAINN) are senior unsecured debt securities maturing on March 1, 2026. These notes carry a fixed interest rate of 5.00% per annum, with interest payable quarterly. They rank equally with all existing and future senior unsecured indebtedness of the company and are governed by a standard indenture.

Gladstone Investment Corporation is a closed-end business development company (BDC) that provides debt and equity financing to lower middle-market businesses across the United States.