PFG Advisors Sells 1,000 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

PFG Advisors reduced its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,904 shares of the investment management company’s stock after selling 1,000 shares during the quarter. PFG Advisors owned about 0.28% of Gladstone Investment worth $1,337,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GAIN. Kentucky Trust Co bought a new position in Gladstone Investment in the fourth quarter valued at approximately $26,000. Cornerstone Wealth Management LLC bought a new position in Gladstone Investment in the fourth quarter valued at approximately $136,000. Centiva Capital LP bought a new position in Gladstone Investment in the third quarter valued at approximately $192,000. Paloma Partners Management Co bought a new position in Gladstone Investment in the third quarter valued at approximately $239,000. Finally, Union Bancaire Privee UBP SA bought a new position in Gladstone Investment in the fourth quarter valued at approximately $250,000. 11.85% of the stock is owned by institutional investors.

Gladstone Investment Stock Performance

Shares of GAIN stock opened at $13.08 on Friday. The firm’s 50 day moving average price is $13.41 and its two-hundred day moving average price is $13.47. The stock has a market cap of $481.83 million, a PE ratio of 6.81 and a beta of 1.28. Gladstone Investment Co. has a 52-week low of $12.46 and a 52-week high of $14.85.

Gladstone Investment (NASDAQ:GAIN) last posted 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 return on equity of 7.17% and a net margin of 78.02%. As a group, sell-side analysts predict that Gladstone Investment Co. will post 0.96 earnings per share for the current fiscal year.

Gladstone Investment Cuts Dividend

The company also recently announced 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 of this dividend was Friday, January 24th. This represents a yield of 7.18%. Gladstone Investment’s dividend payout ratio (DPR) is presently 50.00%.

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.