Gladstone Investment Co. (NASDAQ:GAIN) Shares Sold by Albert D Mason Inc.

Albert D Mason Inc. reduced its position in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,909 shares of the investment management company’s stock after selling 19,105 shares during the quarter. Albert D Mason Inc.’s holdings in Gladstone Investment were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp boosted its position in Gladstone Investment by 6.2% during the third quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock worth $12,496,000 after purchasing an additional 52,594 shares in the last quarter. International Assets Investment Management LLC lifted its position 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 valued at $457,000 after buying an additional 29,456 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Gladstone Investment during the 3rd quarter valued at approximately $253,000. Centiva Capital LP purchased a new stake in Gladstone Investment in the 3rd quarter worth $192,000. Finally, Blair William & Co. IL increased its holdings in Gladstone Investment by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company’s stock worth $2,186,000 after acquiring an additional 1,469 shares in the last quarter. 11.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GAIN has been the topic of several recent analyst reports. StockNews.com raised shares of Gladstone Investment from a “sell” rating to a “hold” rating in a report on Monday, November 11th. B. Riley lifted their price objective on Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, November 11th.

Gladstone Investment Stock Performance

NASDAQ GAIN opened at $13.25 on Friday. Gladstone Investment Co. has a one year low of $12.46 and a one year high of $14.85. The business has a fifty day moving average price of $13.37 and a 200 day moving average price of $13.51. The company has a market cap of $486.14 million, a P/E ratio of 12.50 and a beta of 1.30.

Gladstone Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Friday, January 24th. 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.