Janney Montgomery Scott LLC Acquires 3,153 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Janney Montgomery Scott LLC lifted its holdings in shares of Gladstone Investment Co. (NASDAQ:GAINGet Rating) by 7.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 43,717 shares of the investment management company’s stock after purchasing an additional 3,153 shares during the period. Janney Montgomery Scott LLC’s holdings in Gladstone Investment were worth $529,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of Gladstone Investment during the first quarter worth $30,000. JPMorgan Chase & Co. bought a new stake in shares of Gladstone Investment during the second quarter worth $49,000. Private Advisor Group LLC bought a new position in Gladstone Investment in the second quarter valued at about $141,000. CWA Asset Management Group LLC bought a new position in Gladstone Investment in the second quarter valued at about $148,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Gladstone Investment by 1,826.8% in the first quarter. BNP Paribas Arbitrage SA now owns 9,634 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 9,134 shares during the last quarter. Institutional investors own 12.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GAIN. B. Riley began coverage on Gladstone Investment in a report on Monday, December 12th. They issued a “buy” rating and a $12.00 price target on the stock. StockNews.com began coverage on Gladstone Investment in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, LADENBURG THALM/SH SH upgraded Gladstone Investment from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.17.

Gladstone Investment Trading Up 0.7 %

NASDAQ:GAIN opened at $13.46 on Monday. Gladstone Investment Co. has a 1-year low of $11.40 and a 1-year high of $16.85. The business’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $13.72. The firm has a market capitalization of $447.34 million, a price-to-earnings ratio of 8.91 and a beta of 1.38.

Gladstone Investment (NASDAQ:GAINGet Rating) last released its earnings results on Tuesday, November 1st. The investment management company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. Gladstone Investment had a return on equity of 7.27% and a net margin of 66.37%. The firm had revenue of $20.80 million for the quarter, compared to analyst estimates of $17.36 million. Sell-side analysts predict that Gladstone Investment Co. will post 1.13 earnings per share for the current year.

Gladstone Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date of this dividend is Thursday, March 16th. Gladstone Investment’s dividend payout ratio is currently 63.58%.

Insider Transactions at Gladstone Investment

In other Gladstone Investment news, President David A. R. Dullum purchased 3,000 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were bought at an average price of $13.06 per share, with a total value of $39,180.00. Following the completion of the transaction, the president now directly owns 141,916 shares in the company, valued at approximately $1,853,422.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

Gladstone Investment Profile

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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.

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Institutional Ownership by Quarter for Gladstone Investment (NASDAQ:GAIN)

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