Gladstone Investment (NASDAQ:GAIN) Upgraded to Hold at StockNews.com

by · The Markets Daily

Gladstone Investment (NASDAQ:GAIN – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, B. Riley lifted their target price on shares of Gladstone Investment from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday.

Get Our Latest Stock Analysis on GAIN

Gladstone Investment Stock Up 1.0 %

Gladstone Investment stock traded up $0.13 during trading hours on Monday, hitting $13.52. The stock had a trading volume of 163,238 shares, compared to its average volume of 149,020. The stock has a market capitalization of $496.05 million, a P/E ratio of 12.75 and a beta of 1.33. Gladstone Investment has a 12-month low of $12.46 and a 12-month high of $14.96. The stock’s 50-day moving average price is $13.62 and its 200-day moving average price is $13.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in shares of Gladstone Investment by 20.0% during the second quarter. Van ECK Associates Corp now owns 845,074 shares of the investment management company’s stock valued at $11,814,000 after purchasing an additional 140,723 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Gladstone Investment during the first quarter valued at approximately $198,000. Legacy Capital Wealth Partners LLC purchased a new position in shares of Gladstone Investment during the second quarter valued at approximately $1,425,000. International Assets Investment Management LLC grew its position in Gladstone Investment by 1,345.0% during the third quarter. International Assets Investment Management LLC now owns 31,646 shares of the investment management company’s stock valued at $457,000 after buying an additional 29,456 shares during the period. Finally, Blair William & Co. IL grew its position 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 valued at $2,186,000 after buying an additional 1,469 shares during the period. 11.85% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Investment

(Get Free Report)

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.

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