Gladstone Investment Co. (GAIN) to Issue Dividend of $0.08 on May 30th

Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Monday, May 19th, investing.com reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.08 per share by the investment management company on Friday, May 30th. This represents a yield of 6.44%. The ex-dividend date is Wednesday, May 21st.

Gladstone Investment has a 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 Price Performance

GAIN stock traded up $0.21 during midday trading on Monday, reaching $14.91. The company had a trading volume of 159,854 shares, compared to its average volume of 135,308. The company has a market capitalization of $549.24 million, a price-to-earnings ratio of 7.77 and a beta of 0.86. The stock has a 50 day moving average price of $13.50 and a 200-day moving average price of $13.46. Gladstone Investment has a 1-year low of $11.42 and a 1-year high of $14.95.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Tuesday, May 13th. The investment management company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm 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%. As a group, research analysts anticipate that Gladstone Investment will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GAIN has been the topic of several research reports. Citigroup cut Gladstone Investment to a “neutral” rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Gladstone Investment in a report on Wednesday, May 14th.

Institutional Trading of Gladstone Investment

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in Gladstone Investment by 6.2% in the first quarter. NewEdge Advisors LLC now owns 19,626 shares of the investment management company’s stock valued at $262,000 after acquiring an additional 1,150 shares during the last quarter. Royal Bank of Canada boosted its holdings in Gladstone Investment by 6.8% in 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 acquiring an additional 4,826 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Gladstone Investment in the first quarter valued at approximately $302,000. 11.85% of the stock is currently owned by institutional investors.

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.