Cassaday & Co Wealth Management LLC Invests $1.43 Million in Gladstone Investment Co. (NASDAQ:GAIN)

Cassaday & Co Wealth Management LLC purchased a new position in Gladstone Investment Co. (NASDAQ:GAIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,000 shares of the investment management company’s stock, valued at approximately $1,431,000. Cassaday & Co Wealth Management LLC owned approximately 0.29% of Gladstone Investment at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. United Advisor Group LLC raised its stake in Gladstone Investment by 1.9% in the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after buying an additional 1,281 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Gladstone Investment by 6.9% during the third quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock valued at $358,000 after purchasing an additional 1,609 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Gladstone Investment during the fourth quarter valued at approximately $26,000. Cornerstone Wealth Management LLC bought a new position in shares of Gladstone Investment during the fourth quarter valued at approximately $136,000. Finally, Centiva Capital LP bought a new position in shares of Gladstone Investment during the third quarter valued at approximately $192,000. 11.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. B. Riley raised their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Gladstone Investment Stock Down 0.3 %

NASDAQ:GAIN opened at $13.76 on Friday. Gladstone Investment Co. has a 52 week low of $12.46 and a 52 week high of $14.85. The company’s 50 day moving average price is $13.32 and its 200-day moving average price is $13.42. The stock has a market cap of $506.92 million, a price-to-earnings ratio of 7.17 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last issued its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.17% and a net margin of 78.02%. As a group, sell-side analysts anticipate that Gladstone Investment Co. will post 0.96 earnings per share for the current year.

Gladstone Investment Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.08 per share. This represents a dividend yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s dividend payout ratio is presently 50.00%.

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.