Gladstone Capital (NASDAQ:GLAD) Sets New 52-Week High at $23.11

Gladstone Capital Co. (NASDAQ:GLAD)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $23.11 and last traded at $23.09, with a volume of 14707 shares trading hands. The stock had previously closed at $22.98.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Gladstone Capital Trading Up 0.4 %

The company has a market capitalization of $501.99 million, a P/E ratio of 8.33 and a beta of 1.25. The stock’s 50 day moving average is $22.16 and its 200-day moving average is $21.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.08 million. During the same period in the prior year, the business posted $0.52 EPS. As a group, equities research analysts anticipate that Gladstone Capital Co. will post 2.11 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is 71.74%.

Hedge Funds Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd grew its holdings in shares of Gladstone Capital by 841.0% during the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after buying an additional 166,935 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Gladstone Capital by 4.3% during the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock valued at $3,503,000 after buying an additional 15,119 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Gladstone Capital during the third quarter valued at approximately $881,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gladstone Capital during the third quarter valued at approximately $138,000. Finally, Trexquant Investment LP grew its holdings in shares of Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock valued at $633,000 after buying an additional 49,127 shares during the last quarter. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.