Gladstone Investment Co. (NASDAQ:GAIN) declared a dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Tuesday, August 20th will be paid a dividend of 0.068 per share by the investment management company on Friday, August 30th. The ex-dividend date of this dividend is Monday, August 19th.

Gladstone Investment has increased its dividend payment by an average of 2.6% per year over the last three years and has increased its dividend every year for the last 6 years. Gladstone Investment has a dividend payout ratio of 107.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Investment to earn $0.82 per share next year, which means the company may not be able to cover its $0.82 annual dividend with an expected future payout ratio of 100.0%.

Shares of NASDAQ GAIN opened at $11.52 on Friday. The stock has a market capitalization of $373.52 million, a PE ratio of 14.96 and a beta of 0.85. The business has a fifty day moving average price of $11.32 and a two-hundred day moving average price of $11.68. Gladstone Investment has a fifty-two week low of $8.70 and a fifty-two week high of $12.70.

In other news, COO Terry Lee Brubaker sold 21,502 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $11.38, for a total transaction of $244,692.76. Following the completion of the transaction, the chief operating officer now owns 30,235 shares of the company’s stock, valued at approximately $344,074.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.56% of the stock is currently owned by insiders.

Several brokerages have weighed in on GAIN. BidaskClub raised Gladstone Investment from a “sell” rating to a “hold” rating in a report on Saturday, August 3rd. ValuEngine raised Gladstone Investment from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised Gladstone Investment from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, August 8th. Finally, LADENBURG THALM/SH SH cut Gladstone Investment from a “buy” rating to a “neutral” rating in a report on Wednesday, May 15th.

About Gladstone Investment

Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; 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.

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Dividend History for Gladstone Investment (NASDAQ:GAIN)

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