Gladstone Investment Co. to Issue Dividend of $0.08 (NASDAQ:GAIN)

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Saturday, May 17th, investing.com reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.08 per share by the investment management company on Friday, May 30th. This represents a dividend yield of 6.53%. The ex-dividend date is Wednesday, May 21st.

Gladstone Investment has a dividend payout ratio of 91.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Investment to earn $0.94 per share next year, which means the company may not be able to cover its $0.96 annual dividend with an expected future payout ratio of 102.1%.

Gladstone Investment Trading Up 1.4%

Shares of NASDAQ:GAIN opened at $14.70 on Friday. The stock has a 50 day moving average of $13.50 and a 200 day moving average of $13.46. The company has a market cap of $541.50 million, a PE ratio of 7.66 and a beta of 0.86. Gladstone Investment has a 12-month low of $11.42 and a 12-month high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings data on Tuesday, May 13th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $27.55 million during the quarter, compared to the consensus estimate of $24.96 million. Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. Equities research analysts predict that Gladstone Investment will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gladstone Investment stock. NewEdge Advisors LLC increased its holdings in Gladstone Investment Co. (NASDAQ:GAIN) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,626 shares of the investment management company’s stock after purchasing an additional 1,150 shares during the period. NewEdge Advisors LLC owned 0.05% of Gladstone Investment worth $262,000 as of its most recent SEC filing. 11.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Gladstone Investment in a research note on Wednesday.

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.