Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,709 shares, a drop of 80.2% from the April 15th total of 8,638 shares. Based on an average trading volume of 3,390 shares, the short-interest ratio is currently 0.5 days.
Gladstone Investment Co. 4.875% Notes due 2028 Trading Down 0.7%
Shares of Gladstone Investment Co. 4.875% Notes due 2028 stock traded down $0.17 during midday trading on Wednesday, hitting $24.09. The company had a trading volume of 16,342 shares, compared to its average volume of 5,369. The business’s 50 day simple moving average is $24.04 and its two-hundred day simple moving average is $23.99. Gladstone Investment Co. 4.875% Notes due 2028 has a 1-year low of $22.72 and a 1-year high of $24.30.
Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a $0.3047 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.22 annualized dividend and a dividend yield of 5.1%.
About Gladstone Investment Co. 4.875% Notes due 2028
Gladstone Investment Co 4.875% Notes due 2028 (NASDAQ:GAINZ) are senior unsecured debt securities issued by Gladstone Investment Corporation, a business development company that provides capital to small and mid-sized private U.S. businesses. The notes pay a fixed annual interest rate of 4.875% and mature in 2028, offering investors a defined income stream while supporting the company’s lending and equity investment activities.
Proceeds from the issuance of GAINZ notes are used to finance Gladstone Investment Corporation’s core investment strategy, which includes first-lien debt, subordinated debt and equity investments in privately held companies.
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