Gladstone Investment Corporation (GAIN) : Cue Financial Group scooped up 4,080 additional shares in Gladstone Investment Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 209,450 shares of Gladstone Investment Corporation which is valued at $1,549,930.Gladstone Investment Corporation makes up approximately 1.29% of Cue Financial Group’s portfolio.
Other Hedge Funds, Including , Davenport Co boosted its stake in GAIN in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 375,389 shares of Gladstone Investment Corporation which is valued at $2,777,879. Gladstone Investment Corporation makes up approx 0.04% of Davenport Co’s portfolio.
Gladstone Investment Corporation opened for trading at $7.45 and hit $7.53 on the upside on Friday, eventually ending the session at $7.51, with a gain of 0.81% or 0.06 points. The heightened volatility saw the trading volume jump to 1,63,565 shares. Company has a market cap of $227 M.
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.