Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) Trading Up 0.2% – Time to Buy?

Gladstone Investment Co. 4.875% Notes due 2028 (NASDAQ:GAINZ) shares rose 0.2% during trading on Wednesday . The company traded as high as $23.95 and last traded at $23.9450. Approximately 1,106 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,828 shares. The stock had previously closed at $23.90.

Gladstone Investment Co. 4.875% Notes due 2028 Stock Performance

The firm’s 50 day moving average price is $24.06 and its two-hundred day moving average price is $24.02.

Gladstone Investment Co. 4.875% Notes due 2028 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued a dividend of $0.3047 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.22 dividend on an annualized basis and a yield of 5.1%.

Gladstone Investment Co. 4.875% Notes due 2028 Company Profile

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.