Kentucky Trust Co Makes New $26,000 Investment in Gladstone Investment Co. (NASDAQ:GAIN)

Kentucky Trust Co bought a new position in shares of Gladstone Investment Co. (NASDAQ:GAIN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,000 shares of the investment management company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Gladstone Investment by 6.2% during the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after buying an additional 52,594 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Gladstone Investment by 12.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock worth $2,304,000 after acquiring an additional 17,209 shares in the last quarter. United Advisor Group LLC grew its stake in shares of Gladstone Investment by 1.9% during the 3rd quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after acquiring an additional 1,281 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Gladstone Investment by 1,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock worth $457,000 after acquiring an additional 29,456 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Gladstone Investment by 6.9% during the 3rd quarter. Private Advisor Group LLC now owns 24,801 shares of the investment management company’s stock worth $358,000 after acquiring an additional 1,609 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GAIN. B. Riley raised their price target on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, November 11th. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Gladstone Investment Trading Down 1.3 %

NASDAQ:GAIN opened at $13.31 on Thursday. Gladstone Investment Co. has a 1-year low of $12.46 and a 1-year high of $14.85. The firm has a fifty day simple moving average of $13.30 and a 200 day simple moving average of $13.42. The stock has a market capitalization of $488.34 million, a PE ratio of 12.56 and a beta of 1.30.

Gladstone Investment (NASDAQ:GAIN) last released its earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a net margin of 41.67% and a return on equity of 7.41%. On average, equities analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a $0.08 dividend. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 7.18%. Gladstone Investment’s dividend payout ratio is currently 90.57%.

Gladstone Investment 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.