Legacy Capital Wealth Partners LLC Sells 2,367 Shares of Gladstone Investment Co. (NASDAQ:GAIN)

Legacy Capital Wealth Partners LLC lowered its position in Gladstone Investment Co. (NASDAQ:GAIN) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,589 shares of the investment management company’s stock after selling 2,367 shares during the period. Legacy Capital Wealth Partners LLC owned about 0.27% of Gladstone Investment worth $1,439,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Gladstone Investment by 6.2% in the 3rd quarter. Van ECK Associates Corp now owns 897,668 shares of the investment management company’s stock valued at $12,496,000 after buying an additional 52,594 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Gladstone Investment by 6.6% during the first quarter. Advisors Asset Management Inc. now owns 162,487 shares of the investment management company’s stock valued at $2,312,000 after acquiring an additional 10,018 shares during the last quarter. Blair William & Co. IL lifted its holdings in Gladstone Investment by 0.9% during the second quarter. Blair William & Co. IL now owns 156,333 shares of the investment management company’s stock worth $2,186,000 after acquiring an additional 1,469 shares during the period. United Advisor Group LLC boosted its position in Gladstone Investment by 1.9% in the third quarter. United Advisor Group LLC now owns 70,079 shares of the investment management company’s stock worth $1,013,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Garner Asset Management Corp boosted its position in Gladstone Investment by 9.1% in the first quarter. Garner Asset Management Corp now owns 41,333 shares of the investment management company’s stock worth $588,000 after purchasing an additional 3,451 shares during the last quarter. 11.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on GAIN. StockNews.com lowered Gladstone Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. B. Riley lowered their price objective on shares of Gladstone Investment from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Gladstone Investment Price Performance

NASDAQ:GAIN opened at $13.39 on Friday. The company has a market capitalization of $491.28 million, a P/E ratio of 6.56 and a beta of 1.33. The business has a fifty day simple moving average of $13.61 and a two-hundred day simple moving average of $13.75. Gladstone Investment Co. has a 1 year low of $12.46 and a 1 year high of $14.96.

Gladstone Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Investment’s dividend payout ratio is currently 47.06%.

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.