Advisors Asset Management Inc. Has $2.88 Million Holdings in Gladstone Capital Co. (NASDAQ:GLAD)

Advisors Asset Management Inc. lessened its stake in Gladstone Capital Co. (NASDAQ:GLAD) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,306 shares of the investment management company’s stock after selling 3,476 shares during the quarter. Advisors Asset Management Inc. owned about 1.23% of Gladstone Capital worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Gladstone Capital by 1,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock valued at $3,673,000 after acquiring an additional 319,081 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Gladstone Capital by 70.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 58,260 shares of the investment management company’s stock valued at $623,000 after purchasing an additional 24,092 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in Gladstone Capital by 17.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 149,320 shares of the investment management company’s stock valued at $1,598,000 after buying an additional 22,156 shares during the period. Trexquant Investment LP boosted its holdings in Gladstone Capital by 30.1% during the fourth quarter. Trexquant Investment LP now owns 85,407 shares of the investment management company’s stock worth $914,000 after buying an additional 19,781 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Gladstone Capital during the 4th quarter worth about $146,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Trading Up 0.9 %

Gladstone Capital stock traded up $0.21 during mid-day trading on Friday, hitting $24.01. 92,287 shares of the company’s stock were exchanged, compared to its average volume of 98,110. The company’s 50 day simple moving average is $23.09 and its 200-day simple moving average is $21.75. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $522.31 million, a P/E ratio of 8.70 and a beta of 1.26. Gladstone Capital Co. has a fifty-two week low of $18.40 and a fifty-two week high of $24.73.

Gladstone Capital (NASDAQ:GLAD) last released 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 return on equity of 11.24% and a net margin of 73.15%. The business had revenue of $24.00 million for the quarter, compared to analyst estimates of $24.08 million. During the same period in the prior year, the business earned $0.52 EPS. On average, equities analysts anticipate that Gladstone Capital Co. will post 2.11 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Capital’s dividend payout ratio (DPR) is presently 71.74%.

Wall Street Analysts Forecast Growth

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

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.