Atlantic Union Bankshares Corp Boosts Holdings in Gladstone Investment Co. (NASDAQ:GAIN)

Atlantic Union Bankshares Corp lifted its stake in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,418 shares of the investment management company’s stock after purchasing an additional 873 shares during the period. Atlantic Union Bankshares Corp owned about 0.25% of Gladstone Investment worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of Gladstone Investment by 12.1% in the third quarter. Advisors Asset Management Inc. now owns 159,421 shares of the investment management company’s stock valued at $2,304,000 after purchasing an additional 17,209 shares during the period. Paloma Partners Management Co acquired a new position in shares of Gladstone Investment in the third quarter worth $239,000. Centiva Capital LP purchased a new stake in Gladstone Investment during the 3rd quarter worth about $192,000. Jane Street Group LLC purchased a new stake in shares of Gladstone Investment during the third quarter worth approximately $253,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Gladstone Investment in the 4th quarter valued at $136,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.

Gladstone Investment Price Performance

Gladstone Investment stock opened at $13.50 on Friday. Gladstone Investment Co. has a 12-month low of $12.46 and a 12-month high of $14.85. The firm’s fifty day moving average price is $13.41 and its 200 day moving average price is $13.47. The company has a market capitalization of $497.30 million, a price-to-earnings ratio of 7.03 and a beta of 1.28.

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

Gladstone Investment Cuts Dividend

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

Wall Street Analysts Forecast Growth

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