Dividend Coverage: Shareholders can safely expect $0.06 dividends by Oct 31, 2016, from Gladstone Investment Corporation (NASDAQ:GAIN).

Dividend Coverage: Shareholders can safely expect $0.06 dividends by Oct 31, 2016, from Gladstone Investment Corporation (NASDAQ:GAIN).

Gladstone Investment Corporation (NASDAQ:GAIN) is expected to pay $0.06 on Oct 31, 2016. The indicated annual dividend is $0.75. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Gladstone Investment Corporation’s current price of $8.62, the dividend is 0.73%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 12, 2016. The stock decreased 4.12% or $0.37 on October 17, hitting $8.62. Gladstone Investment Corporation (NASDAQ:GAIN) has risen 21.24% since March 15, 2016 and is uptrending. It has outperformed by 15.75% the S&P500.

Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $257.78 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 6.39 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.

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.
Confluence Lc accumulated 0.03% or 142,533 shares. Archford Strategies Lc last reported 0.02% of its portfolio in the stock. Kcg owns 23,400 shares or 0% of their US portfolio. Creative Planning accumulated 0% or 6,000 shares. Deere And, a Illinois-based fund reported 36,925 shares. Advisory Service Net Limited Liability holds 0% or 1,355 shares in its portfolio. Lsv Asset has invested 0.01% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). Van Eck Associates holds 128,746 shares or 0% of its portfolio. Parametric Port Assocs Limited Liability Corp accumulated 0% or 18,558 shares. Millennium Mngmt Lc last reported 0% of its portfolio in the stock. Citigroup Inc holds 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN) for 15,968 shares. Morgan Stanley reported 221,761 shares or 0% of all its holdings. Goldman Sachs Grp Inc has invested 0% of its portfolio in Gladstone Investment Corporation (NASDAQ:GAIN). Us Bank De holds 0% or 6 shares in its portfolio. Stratos Wealth Partners Ltd has 11,232 shares for 0.01% of their US portfolio.

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 initiated on Friday, April 29 by Janney Capital. Zacks downgraded the shares of GAIN in a report on Monday, September 21 to “Sell” rating. The rating was upgraded by Zacks to “Sell” on Monday, August 24.

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 Seekingalpha.com‘s news article titled: “Buy Gladstone Investment Corp. For The Stable 9.7% Yield” with publication date: November 19, 2015.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment