Gladstone Capital (NASDAQ:GLAD) Hits New 12-Month High at $23.76

Gladstone Capital Co. (NASDAQ:GLAD) reached a new 52-week high on Wednesday . The stock traded as high as $23.76 and last traded at $23.76, with a volume of 15090 shares trading hands. The stock had previously closed at $23.61.

Analyst Upgrades and Downgrades

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

Gladstone Capital Stock Up 0.6 %

The business’s 50 day simple moving average is $22.34 and its 200 day simple moving average is $21.43. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $516.78 million, a PE ratio of 8.55 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.25 EPS 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 during the quarter, compared to the consensus estimate of $24.08 million. During the same period in the previous year, the business posted $0.52 EPS. On average, equities research analysts forecast that Gladstone Capital Co. will post 2.11 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 8.33%. The ex-dividend date was Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Institutional Trading of Gladstone Capital

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of Gladstone Capital by 4.3% in the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock valued at $3,503,000 after acquiring an additional 15,119 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Gladstone Capital during the third quarter valued at approximately $881,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gladstone Capital during the third quarter valued at approximately $138,000. Trexquant Investment LP grew its stake 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. Finally, DNB Asset Management AS raised its holdings in shares of Gladstone Capital by 12.3% in the fourth quarter. DNB Asset Management AS now owns 149,694 shares of the investment management company’s stock worth $1,602,000 after buying an additional 16,391 shares during the period. 10.72% of the stock is currently owned by institutional investors.

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.