Register Financial Advisors LLC Has $75,000 Stock Holdings in Gladstone Capital Co. (NASDAQ:GLAD)

Register Financial Advisors LLC cut its holdings in Gladstone Capital Co. (NASDAQ:GLAD) by 50.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,228 shares of the investment management company’s stock after selling 3,229 shares during the quarter. Register Financial Advisors LLC’s holdings in Gladstone Capital were worth $75,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GLAD. Raymond James Financial Services Advisors Inc. acquired a new position in Gladstone Capital during the 4th quarter worth approximately $146,000. International Assets Investment Management LLC raised its stake in Gladstone Capital by 1,319.3% in 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 period. Koshinski Asset Management Inc. raised its stake in Gladstone Capital by 70.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 58,260 shares of the investment management company’s stock valued at $623,000 after acquiring an additional 24,092 shares during the period. Kovack Advisors Inc. increased its position in Gladstone Capital by 3.0% during the 4th quarter. Kovack Advisors Inc. now owns 68,746 shares of the investment management company’s stock worth $736,000 after buying an additional 1,978 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its position in Gladstone Capital by 17.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 149,320 shares of the investment management company’s stock worth $1,598,000 after buying an additional 22,156 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

Analyst Ratings Changes

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

Gladstone Capital Price Performance

Shares of GLAD traded up $0.19 during trading hours on Friday, hitting $22.76. 123,957 shares of the company were exchanged, compared to its average volume of 130,534. The company has a market cap of $495.12 million, a price-to-earnings ratio of 8.25 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. 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’s fifty day moving average is $23.29 and its 200 day moving average is $21.82.

Gladstone Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Capital’s dividend payout ratio (DPR) is currently 71.74%.

About Gladstone Capital

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.