Filings Flow: Why Karpus Management, Inc Reported Big Gladstone Investment CorporationDe Position?

Filings Flow: Why Karpus Management, Inc Reported Big Gladstone Investment CorporationDe Position?

The New Karpus Management, Inc Holding in Gladstone Investment CorporationDe

Karpus Management, Inc filed with the SEC SC 13G form for Gladstone Investment CorporationDe. The form can be accessed here: 000104870316000144. As reported in Karpus Management, Inc’s form, the filler as of late owns 15.27% or 850,150 shares of the Finance–company.

Gladstone Investment CorporationDe stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Karpus Management, Inc’s positive view for the stock. For a institutional investor managing $2.60 billion in assets and having 39+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Gladstone Investment CorporationDe Institutional Sentiment

Latest Security and Exchange filings show 54 investors own Gladstone Investment CorporationDe. The institutional ownership in Q3 2015 is high, at 24.07% of the outstanding shares. This is decreased by 97639 the total institutional shares. 7285617 were the shares owned by these institutional investors. In total 8 funds opened new Gladstone Investment CorporationDe stakes, 15 increased stakes. There were 7 that closed positions and 20 reduced them.

Hillsdale Investment Management Inc is an institutional investor bullish on Gladstone Investment CorporationDe, owning 88600 shares as of Q3 2015 for 0.21% of its portfolio. Outfitter Advisors Ltd owns 251065 shares or 0.76% of its portfolio. WA Icm Asset Management Inc have 0.90% of their stock portfolio for 79620 shares. Further, Van Berkom & Associates Inc reported stake worth 0.88% of its US stock portfolio. The AZ Cue Financial Group Inc owns 213370 shares. Gladstone Investment CorporationDe is 1.56% of the manager’s US portfolio.

Business Profile

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains. It has investments in sectors, such as chemicals, plastics, and rubber, and home and office furnishings, house wares, and durable consumer products, among others. Its investment advisor is Gladstone Management Corporation.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Karpus Management, Inc website.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.12, from 1.05 in 2016Q1. The ratio improved, as 5 funds sold all Gladstone Investment Corporation shares owned while 13 reduced positions. 4 funds bought stakes while 17 increased positions. They now own 4.26 million shares or 29.33% less from 6.03 million shares in 2016Q1.

Cue Financial Group has 1.29% invested in the company for 209,450 shares. Davenport & Ltd Llc holds 375,389 shares or 0% of its portfolio. Moreover, Blackrock Grp Inc Limited has 0% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 162,379 shares. Archford Cap Strategies Lc has invested 0.02% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). Glenmede Tru Com Na has 0% invested in the company for 147 shares. Morgan Stanley has 221,761 shares for 0% of their US portfolio. Millennium Mgmt Lc holds 155,011 shares or 0% of its portfolio. Lpl Ltd last reported 27,430 shares in the company. Legal And General Gru Public Ltd Co holds 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN) for 59,764 shares. Wedge Mngmt L Limited Partnership Nc has 97,000 shares for 0.01% of their US portfolio. Van Eck has 128,746 shares for 0% of their US portfolio. Moreover, Wfg L P has 0% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 1,350 shares. Parametric Assoc Ltd Company reported 18,558 shares or 0% of all its holdings. Jpmorgan Chase & reported 59,158 shares or 0% of all its holdings. Us Comml Bank De has 6 shares for 0% of their US portfolio.

Analysts await Gladstone Investment Corporation (NASDAQ:GAIN) to report earnings on October, 26. They expect $0.19 EPS, down 5.00% or $0.01 from last year’s $0.2 per share. GAIN’s profit will be $5.80M for 11.87 P/E if the $0.19 EPS becomes a reality. After $0.23 actual EPS reported by Gladstone Investment Corporation for the previous quarter, Wall Street now forecasts -17.39% negative EPS growth.

The stock closed at $9.02 during the last session. It is down 28.49% since March 8, 2016 and is uptrending. It has outperformed by 19.17% the S&P500.

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $275.18 million. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of businesses that it believes can grow over time to permit it to sell its equity investments for capital gains. It has a 6.69 P/E ratio. It has investments in sectors, such as chemicals, plastics, and rubber, and home and office furnishings, house wares, and durable consumer products, among others.

Gladstone Investment Corporation (NASDAQ:GAIN) Ratings Coverage

Out of 2 analysts covering Gladstone Investment (NASDAQ:GAIN), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Gladstone Investment has been the topic of 3 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, September 21 by Zacks. The rating was initiated by Janney Capital on Friday, April 29 with “Buy”. The company was upgraded on Monday, August 24 by Zacks.

More notable recent Gladstone Investment Corporation (NASDAQ:GAIN) news were published by: Globenewswire.com which released: “Gladstone Investment Corporation Prices Preferred Stock Offering” on September 19, 2016, also Globenewswire.com with their article: “Gladstone Investment Corporation Announces Closing of Offering of 2300000 …” published on September 26, 2016, Globenewswire.com published: “Gladstone Investment Corporation Reports Financial Results for its First …” on August 01, 2016. More interesting news about Gladstone Investment Corporation (NASDAQ:GAIN) were released by: Seekingalpha.com and their article: “Breaking My ‘A-Team’ Into Pieces – Part VI – Gladstone Investment Corporation” published on May 26, 2016 as well as Globenewswire.com‘s news article titled: “Gladstone Investment Corporation Announces Proxy Filing and Conference Call …” with publication date: June 20, 2016.

According to Zacks Investment Research, “Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the U.S.”

GAIN Company Profile

Gladstone Investment Corporation, incorporated on February 18, 2005, is an externally managed, closed-end, non-diversified management investment company. The Firm is established for the purpose of investing in debt and equity securities of established private businesses operating in the United States. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that the Company believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, generally in combination with the aforementioned debt securities, of established businesses that the Company believes can grow over time to permit it to sell its equity investments for capital gains. The Company’s investment portfolio is made up of approximately 71.3% in debt securities and over 28.7% in equity securities. It has investments in sectors, such as chemicals, plastics and rubber; home and office furnishings, house wares and durable consumer products; diversified/conglomerate manufacturing; leisure, amusement, motion pictures and entertainment; farming and agriculture; containers, packaging and glass; textiles and leather; aerospace and defense; personal and non-durable consumer products (manufacturing only); beverage, food and tobacco, and others. The Firm is externally managed by its investment advisor, Gladstone Management Corporation.

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