Insider Bets Paying Off At GAIN As New 52-Week High Reached

In trading on Tuesday, shares of Gladstone Investment Corp (GAIN) touched a new 52-week high of $8.10/share. That's a 20.54% rise, or $1.38 per share from the 52-week low of $6.72 set back on 10/15/2014. That means at today's intraday high, any investor who purchased GAIN stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, GAIN has seen 3 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
03/13/2015 Walter H. Wilkinson Director 6,750 $7.39 $49,875.75
06/01/2015 Caren D. Merrick Director 1,965 $7.63 $14,992.75
06/15/2015 David Gladstone Chief Executive Officer 158,500 $7.89 $1,250,517.93

The chart below shows where GAIN has traded over the past year, with the 50-day and 200-day moving averages included.

Gladstone Investment Corp Moving Averages Chart

In afternoon trading on Tuesday, GAIN shares are changing hands at $7.99/share, slightly below the new 52-week high.

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