Gladstone Investment Co. (NASDAQ:GAIN) Position Decreased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its holdings in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,258 shares of the investment management company’s stock after selling 800 shares during the period. Atlantic Union Bankshares Corp owned approximately 0.27% of Gladstone Investment worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GAIN. Kestra Advisory Services LLC raised its position in Gladstone Investment by 8.7% during the second quarter. Kestra Advisory Services LLC now owns 12,533 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 1,000 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Gladstone Investment by 103.7% in the 1st quarter. Bank of America Corp DE now owns 2,037 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,037 shares in the last quarter. UBS Group AG boosted its stake in shares of Gladstone Investment by 3.5% in the 4th quarter. UBS Group AG now owns 30,660 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 1,040 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Gladstone Investment by 4.0% in the 4th quarter. Raymond James & Associates now owns 31,030 shares of the investment management company’s stock valued at $401,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Gladstone Investment by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 31,414 shares of the investment management company’s stock valued at $412,000 after buying an additional 1,253 shares during the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Trading Up 0.6 %

Shares of Gladstone Investment stock traded up $0.08 during trading on Friday, reaching $14.23. The company’s stock had a trading volume of 160,178 shares, compared to its average volume of 117,610. The stock has a market capitalization of $522.10 million, a P/E ratio of 7.15 and a beta of 1.36. Gladstone Investment Co. has a one year low of $12.14 and a one year high of $14.96. The stock has a 50-day moving average price of $14.09 and a two-hundred day moving average price of $13.89.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Tuesday, February 6th. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Gladstone Investment had a net margin of 80.68% and a return on equity of 7.79%. The company had revenue of $23.08 million during the quarter, compared to the consensus estimate of $24.04 million. As a group, sell-side analysts anticipate that Gladstone Investment Co. will post 1.01 EPS for the current fiscal year.

Gladstone Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend is Wednesday, March 20th. Gladstone Investment’s dividend payout ratio (DPR) is presently 48.24%.

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.