Creekmur Asset Management LLC Cuts Position in Gladstone Investment Co. (NASDAQ:GAIN)

Creekmur Asset Management LLC decreased its position in Gladstone Investment Co. (NASDAQ:GAIN) by 51.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,603 shares of the investment management company’s stock after selling 3,800 shares during the quarter. Creekmur Asset Management LLC’s holdings in Gladstone Investment were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Gladstone Investment by 612.6% in the fourth quarter. Signaturefd LLC now owns 2,772 shares of the investment management company’s stock valued at $39,000 after buying an additional 2,383 shares during the last quarter. Northwest Financial Advisors acquired a new stake in shares of Gladstone Investment during the fourth quarter worth about $57,000. Quarry LP acquired a new stake in shares of Gladstone Investment during the fourth quarter worth about $84,000. Trexquant Investment LP acquired a new stake in shares of Gladstone Investment during the fourth quarter worth about $151,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Gladstone Investment in the fourth quarter valued at about $247,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Stock Performance

NASDAQ GAIN traded down $0.07 during mid-day trading on Thursday, reaching $13.95. 70,559 shares of the stock were exchanged, compared to its average volume of 135,351. The stock has a market capitalization of $511.83 million, a PE ratio of 5.61 and a beta of 1.32. The business’s fifty day simple moving average is $14.02 and its 200 day simple moving average is $14.08. Gladstone Investment Co. has a 1-year low of $12.14 and a 1-year high of $14.96.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Wednesday, May 8th. The investment management company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $23.65 million during the quarter, compared to analyst estimates of $22.94 million. Gladstone Investment had a net margin of 97.71% and a return on equity of 7.33%. On average, analysts anticipate that Gladstone Investment Co. will post 1.01 EPS for the current year.

Gladstone Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.88%. Gladstone Investment’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. B. Riley restated a “neutral” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Gladstone Investment in a research report on Friday, May 10th. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $14.00 price objective on shares of Gladstone Investment in a research note on Thursday, May 9th.

Gladstone Investment Company Profile

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.