What’s Propelling Gladstone Investment Corporation – Business Develo (NASDAQ:GAIN) After Higher Shorts Reported?

July 27, 2018 - By Mark Babin

Investors sentiment increased to 1.5 in 2018 Q1. Its up 0.40, from 1.1 in 2017Q4. It improved, as 5 investors sold Gladstone Investment Corporation shares while 15 reduced holdings. 13 funds opened positions while 17 raised stakes. 4.65 million shares or 3.66% less from 4.82 million shares in 2017Q4 were reported.
Bancorp Of Montreal Can invested in 0% or 364,000 shares. Stratos Wealth Ltd holds 0.01% or 31,432 shares. Millennium Mgmt Limited Liability Co reported 256,230 shares or 0% of all its holdings. Van Eck Assocs accumulated 240,350 shares. Macquarie Ltd accumulated 55,400 shares or 0% of the stock. Advisory Services Networks Ltd Liability Company invested in 0% or 1,691 shares. Tower Capital Ltd (Trc) owns 3,685 shares or 0% of their US portfolio. Great West Life Assurance Can reported 0% stake. Bank & Trust Of America Corporation De reported 3,972 shares. Moreover, Cue Grp has 1.33% invested in Gladstone Investment Corporation (NASDAQ:GAIN) for 200,050 shares. Stelac Advisory Service Ltd Company reported 11,358 shares. 141,409 were accumulated by Lpl Limited Com. Lsv Asset Mgmt accumulated 483,610 shares. Sprott, a Ontario – Canada-based fund reported 17,000 shares. Legal General Group Public Lc owns 115,932 shares.

Since March 5, 2018, it had 1 insider buy, and 0 selling transactions for $47,800 activity.

The stock of Gladstone Investment Corporation – Business Develo (NASDAQ:GAIN) registered an increase of 10% in short interest. GAIN’s total short interest was 669,800 shares in July as published by FINRA. Its up 10% from 608,900 shares, reported previously. With 139,400 shares average volume, it will take short sellers 5 days to cover their GAIN’s short positions.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $11.86. About 64,999 shares traded. Gladstone Investment Corporation (NASDAQ:GAIN) has risen 25.86% since July 27, 2017 and is uptrending. It has outperformed by 13.29% the S&P500.

Gladstone Investment Corporation is a business development firm specializing in 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 firm interests, and warrants or options. The company has market cap of $389.28 million. The fund does not invest in start-ups. It has a 6.31 P/E ratio. It seeks to invest in small and mid-sized companies based in the United States.

Gladstone Investment Corporation (NASDAQ:GAIN) Ratings Coverage

Among 2 analysts covering Gladstone Investment Corp (NASDAQ:GAIN), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gladstone Investment Corp had 2 analyst reports since February 7, 2018 according to SRatingsIntel. As per Tuesday, March 6, the company rating was upgraded by Wedbush. Ladenburg upgraded Gladstone Investment Corporation (NASDAQ:GAIN) rating on Wednesday, February 7. Ladenburg has “Buy” rating and $10.5 target.

Another recent and important Gladstone Investment Corporation (NASDAQ:GAIN) news was published by Nasdaq.com which published an article titled: “Gladstone Investment Announces Monthly Cash Distributions and First Fiscal Quarter Earnings Release and …” on July 10, 2018.

Gladstone Investment Corporation (NASDAQ:GAIN) Institutional Positions Chart

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