18,847 Shares in Gladstone Investment Co. (NASDAQ:GAIN) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in Gladstone Investment Co. (NASDAQ:GAIN) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 18,847 shares of the investment management company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Trust Co acquired a new position in shares of Gladstone Investment during the 4th quarter valued at about $26,000. Cornerstone Wealth Management LLC acquired a new position in Gladstone Investment in the 4th quarter valued at about $136,000. Centiva Capital LP purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $192,000. Paloma Partners Management Co purchased a new stake in shares of Gladstone Investment in the 3rd quarter valued at approximately $239,000. Finally, Jane Street Group LLC acquired a new stake in shares of Gladstone Investment during the 3rd quarter worth approximately $253,000. 11.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GAIN shares. StockNews.com upgraded Gladstone Investment from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley boosted their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th.

Gladstone Investment Stock Down 0.4 %

GAIN opened at $13.58 on Tuesday. The business has a fifty day simple moving average of $13.33 and a 200-day simple moving average of $13.44. Gladstone Investment Co. has a 52 week low of $12.46 and a 52 week high of $14.85. The firm has a market cap of $500.25 million, a P/E ratio of 7.07 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. Sell-side analysts expect that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 7.18%. Gladstone Investment’s dividend payout ratio is presently 50.00%.

Gladstone Investment Company 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.