42,338 Shares in Gladstone Investment Corporation $GAIN Purchased by Ameriflex Group Inc.

Ameriflex Group Inc. bought a new position in shares of Gladstone Investment Corporation (NASDAQ:GAIN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 42,338 shares of the investment management company’s stock, valued at approximately $585,000. Ameriflex Group Inc. owned approximately 0.11% of Gladstone Investment at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GAIN. Melia Wealth LLC raised its holdings in shares of Gladstone Investment by 5.7% in the 3rd quarter. Melia Wealth LLC now owns 1,197,594 shares of the investment management company’s stock valued at $16,551,000 after purchasing an additional 64,564 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Gladstone Investment by 13.8% during the third quarter. Cassaday & Co Wealth Management LLC now owns 128,000 shares of the investment management company’s stock valued at $1,769,000 after purchasing an additional 15,500 shares in the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Gladstone Investment by 16.6% during the third quarter. Atlantic Union Bankshares Corp now owns 99,789 shares of the investment management company’s stock valued at $1,379,000 after purchasing an additional 14,176 shares in the last quarter. United Advisor Group LLC increased its holdings in Gladstone Investment by 2.7% during the second quarter. United Advisor Group LLC now owns 78,434 shares of the investment management company’s stock valued at $1,119,000 after buying an additional 2,083 shares during the period. Finally, Royal Bank of Canada increased its holdings in Gladstone Investment by 6.8% during the first quarter. Royal Bank of Canada now owns 75,638 shares of the investment management company’s stock valued at $1,010,000 after buying an additional 4,826 shares during the period. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Down 1.5%

NASDAQ:GAIN opened at $13.50 on Friday. The stock has a market capitalization of $537.57 million, a price-to-earnings ratio of 4.34 and a beta of 0.82. Gladstone Investment Corporation has a 52 week low of $11.42 and a 52 week high of $15.34. The firm has a 50 day moving average of $13.89 and a 200 day moving average of $13.91.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings results on Tuesday, February 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $25.06 million during the quarter, compared to analysts’ expectations of $25.83 million. Gladstone Investment had a return on equity of 6.77% and a net margin of 118.55%. As a group, analysts expect that Gladstone Investment Corporation will post 0.96 EPS for the current year.

Gladstone Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, March 23rd. Gladstone Investment’s payout ratio is 30.87%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GAIN. B. Riley Financial restated a “neutral” rating on shares of Gladstone Investment in a report on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Investment in a report on Monday, December 22nd. Wall Street Zen raised Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Zacks Research cut Gladstone Investment from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Gladstone Investment Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.