Legacy Capital Wealth Partners LLC Sells 4,733 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Legacy Capital Wealth Partners LLC decreased its holdings in shares of Gladstone Investment Co. (NASDAQ:GAIN) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,856 shares of the investment management company’s stock after selling 4,733 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Gladstone Investment were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GAIN. Kentucky Trust Co bought a new stake in shares of Gladstone Investment during the 4th quarter valued at $26,000. Cornerstone Wealth Management LLC bought a new position in Gladstone Investment in the 4th quarter worth $136,000. Centiva Capital LP bought a new position in Gladstone Investment in the 3rd quarter worth $192,000. Paloma Partners Management Co bought a new position in Gladstone Investment in the 3rd quarter worth $239,000. Finally, Union Bancaire Privee UBP SA bought a new position in Gladstone Investment in the 4th quarter worth $250,000. Institutional investors own 11.85% of the company’s stock.

Analyst Ratings Changes

GAIN has been the subject 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 upped their target price on shares of 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 Up 0.9 %

Shares of GAIN stock opened at $13.97 on Friday. The stock has a market cap of $512.56 million, a P/E ratio of 13.18 and a beta of 1.30. Gladstone Investment Co. has a 52 week low of $12.46 and a 52 week high of $14.85. The company’s fifty day simple moving average is $13.31 and its two-hundred day simple moving average is $13.42.

Gladstone Investment (NASDAQ:GAIN) last announced its quarterly earnings results on Wednesday, February 12th. The investment management company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Gladstone Investment had a return on equity of 7.41% and a net margin of 41.67%. On average, analysts anticipate that Gladstone Investment Co. will post 0.96 EPS for the current fiscal year.

Gladstone Investment Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a $0.08 dividend. This represents a yield of 7.18%. The ex-dividend date was Friday, January 24th. Gladstone Investment’s payout ratio is currently 90.57%.

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.