Union Bancaire Privee UBP SA Takes $250,000 Position in Gladstone Investment Co. (NASDAQ:GAIN)

Union Bancaire Privee UBP SA bought a new position in Gladstone Investment Co. (NASDAQ:GAIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,847 shares of the investment management company’s stock, valued at approximately $250,000. Union Bancaire Privee UBP SA owned about 0.05% of Gladstone Investment as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Gladstone Investment by 6.2% in the 3rd 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 stake in shares of Gladstone Investment by 1,345.0% in 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 purchasing an additional 29,456 shares during the period. Jane Street Group LLC purchased a new stake in Gladstone Investment during the third quarter worth $253,000. Centiva Capital LP acquired a new stake in Gladstone Investment during the third quarter valued at $192,000. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Gladstone Investment during the fourth quarter valued at $1,431,000. 11.85% of the stock is owned by institutional investors and hedge funds.

Gladstone Investment Stock Performance

Shares of NASDAQ GAIN opened at $13.58 on Tuesday. The firm has a fifty day moving average of $13.33 and a 200 day moving average of $13.44. The firm has a market cap of $500.25 million, a PE ratio of 7.07 and a beta of 1.30. Gladstone Investment Co. has a one year low of $12.46 and a one year high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last issued its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Gladstone Investment had a net margin of 78.02% and a return on equity of 7.17%. On average, equities analysts predict that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.