Gladstone Investment Corporation (NASDAQ:GAIN) had declared a cash dividend of $0.0625 on Apr 12, 2016. The shares will quote ex-dividend on Apr 20, 2016 and the record date has been fixed on Apr 22, 2016. At Apr 12, 2016 share price, the yield comes out to be 10.7450%. The dividend payable date has been fixed on May 2, 2016.
Gladstone Investment Corporation (GAIN) remained unchanged at the close of Friday session. Even as the volume increased to 60,249 ,the shares failed to make any impression and ended at 0 points or 0.00% at $7. The trading session commenced at $7.02 and the stock hit a high of $7.02 and touched $6.98 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $8.25 and the 52-week low is $6.4. The company has a market cap of $212 M and has approximately 3,02,70,958 outstanding shares.
Gladstone Investment Corporation(GAIN) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $12.07M. Analysts had an estimated revenue of $13.64M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On Feb 9, 2016, David A R Dullum (President) purchased 5,000 shares at $6.69 per share price.Also, On Dec 15, 2015, David Gladstone (CEO) purchased 90,000 shares at $7.53 per share price.On Jun 3, 2015, Caren D Merrick (director) purchased 1,965 shares at $7.63 per share price, according to the Form-4 filing with the securities and exchange commission.
Gladstone Investment Corporation operates as a closed-end non-diversified management investment company. The Company is a publicly traded business development company that pays monthly dividends to its stockholders and invests in small and medium sized private businesses seeking to achieve returns from current income and capital gains through debt and equity investments. The Companys investment funds make debt and equity investments in United States-based small to middle-market businesses. It focuses on second lien debt mezzanine debt secured and unsecured subordinated loans and equity and real estate sale leasebacks. It invests in sectors such as: light and specialty manufacturing industrial products business and government services media and communications consumer products and services healthcare services transportation specialty chemicals and energy services. Gladstone Management Corporation serves as the Companys investment adviser.