Gladstone Investment Co. (NASDAQ:GAIN) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its holdings in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,058 shares of the investment management company’s stock after selling 2,200 shares during the quarter. Atlantic Union Bankshares Corp owned about 0.25% of Gladstone Investment worth $1,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Gladstone Investment by 612.6% in the 4th quarter. Signaturefd LLC now owns 2,772 shares of the investment management company’s stock valued at $39,000 after buying an additional 2,383 shares during the period. Northwest Financial Advisors acquired a new position in shares of Gladstone Investment in the 4th quarter worth approximately $57,000. Quarry LP acquired a new stake in Gladstone Investment in the 4th quarter valued at approximately $84,000. Creekmur Asset Management LLC purchased a new stake in Gladstone Investment in the fourth quarter valued at approximately $105,000. Finally, Trexquant Investment LP purchased a new position in shares of Gladstone Investment during the fourth quarter worth $151,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GAIN. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $14.00 price objective on shares of Gladstone Investment in a research note on Thursday, May 9th. B. Riley reissued a “neutral” rating and issued a $14.00 price target (up previously from $13.50) on shares of Gladstone Investment in a research report on Friday, May 10th.

Gladstone Investment Stock Performance

Shares of Gladstone Investment stock opened at $13.98 on Friday. The business has a 50-day simple moving average of $14.08 and a 200-day simple moving average of $14.14. Gladstone Investment Co. has a one year low of $12.14 and a one year high of $14.96. The company has a market cap of $512.93 million, a PE ratio of 5.64 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last posted its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Gladstone Investment had a return on equity of 7.33% and a net margin of 97.71%. The firm had revenue of $23.65 million for the quarter, compared to analyst estimates of $22.94 million. On average, sell-side analysts predict that Gladstone Investment Co. will post 1.01 earnings per share for the current fiscal year.

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th were issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date was Tuesday, June 18th. Gladstone Investment’s dividend payout ratio (DPR) is 38.71%.

About Gladstone Investment

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.