Gladstone Investment Corporation (NASDAQ:GAIN) to Issue $0.08 Monthly Dividend

Gladstone Investment Corporation (NASDAQ:GAIN) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.08 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Tuesday, August 18th.

Gladstone Investment has increased its dividend by an average of 0.1%per year over the last three years. 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 fall. Research analysts expect Gladstone Investment to earn $0.92 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 104.3%.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN opened at $16.52 on Wednesday. Gladstone Investment has a 52-week low of $13.11 and a 52-week high of $17.14. The firm has a 50 day moving average price of $15.76 and a two-hundred day moving average price of $14.83. The stock has a market cap of $657.83 million, a P/E ratio of 3.52 and a beta of 0.78.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Tuesday, May 12th. The investment management company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $25.19 million for the quarter, compared to analyst estimates of $25.80 million. Gladstone Investment had a return on equity of 6.05% and a net margin of 186.47%. Analysts predict that Gladstone Investment will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gladstone Investment

Several large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Gladstone Investment during the fourth quarter worth $26,000. International Assets Investment Management LLC bought a new stake in Gladstone Investment during the fourth quarter valued at $31,000. JPMorgan Chase & Co. boosted its position in Gladstone Investment by 960.8% during the second quarter. JPMorgan Chase & Co. now owns 5,304 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,804 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Gladstone Investment during the 2nd quarter worth about $105,000. Finally, Bank of America Corp DE grew its holdings in Gladstone Investment by 272.1% during the 3rd quarter. Bank of America Corp DE now owns 8,946 shares of the investment management company’s stock worth $124,000 after acquiring an additional 6,542 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Investment Company Profile

Gladstone Investment (NASDAQ: GAIN) is a publicly traded business development company (BDC) that focuses on providing debt and equity financing to U.S. middle-market companies. As an externally managed closed-end fund, Gladstone Investment seeks to generate current income and capital appreciation for its shareholders by originating senior secured debt, subordinated debt and equity investments. The firm typically targets established businesses with revenues between $10 million and $150 million, across a range of industry sectors including business services, health care, industrials and specialty manufacturing.

The company’s investment strategy centers on deploying capital through first-lien and second-lien term loans, mezzanine debt and equity co-investments, often including warrants or other equity kickers.