Blair William & Co. IL Purchases 1,135 Shares of Gladstone Investment Corporation $GAIN

Blair William & Co. IL lifted its stake in Gladstone Investment Corporation (NASDAQ:GAIN) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,571 shares of the investment management company’s stock after acquiring an additional 1,135 shares during the quarter. Blair William & Co. IL owned 0.46% of Gladstone Investment worth $2,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GAIN. Realta Investment Advisors boosted its holdings in shares of Gladstone Investment by 322.3% in the second quarter. Realta Investment Advisors now owns 42,227 shares of the investment management company’s stock worth $603,000 after buying an additional 32,227 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in shares of Gladstone Investment by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,806 shares of the investment management company’s stock worth $283,000 after buying an additional 959 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Gladstone Investment in the second quarter worth approximately $23,814,000. Geneos Wealth Management Inc. purchased a new position in shares of Gladstone Investment in the first quarter worth approximately $113,000. Finally, Focus Partners Wealth purchased a new position in shares of Gladstone Investment in the first quarter worth approximately $261,000. 11.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Gladstone Investment in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.50.

Gladstone Investment Price Performance

Gladstone Investment stock opened at $13.94 on Wednesday. The stock has a market cap of $532.77 million, a P/E ratio of 6.42 and a beta of 0.93. Gladstone Investment Corporation has a 1 year low of $11.42 and a 1 year high of $15.34. The firm’s 50 day moving average price is $14.02 and its 200-day moving average price is $13.98.

Gladstone Investment (NASDAQ:GAIN) last released its quarterly earnings data on Tuesday, August 12th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $23.54 million for the quarter, compared to analysts’ expectations of $23.87 million. Gladstone Investment had a net margin of 83.78% and a return on equity of 7.33%. As a group, equities analysts expect that Gladstone Investment Corporation will post 0.96 EPS for the current year.

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.