Gladstone Capital (NASDAQ:GLAD) Sets New 52-Week High – Here’s What Happened

Shares of Gladstone Capital Co. (NASDAQ:GLAD) reached a new 52-week high on Monday . The company traded as high as $25.20 and last traded at $25.05, with a volume of 29085 shares. The stock had previously closed at $24.91.

Gladstone Capital Stock Performance

The stock has a market capitalization of $547.77 million, a P/E ratio of 9.03 and a beta of 1.26. The company’s 50-day moving average is $23.38 and its two-hundred day moving average is $22.79. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The company had revenue of $25.69 million during the quarter, compared to analysts’ expectations of $24.69 million. As a group, sell-side analysts anticipate that Gladstone Capital Co. will post 2.14 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.86%. Gladstone Capital’s dividend payout ratio (DPR) is 71.74%.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC acquired a new position in shares of Gladstone Capital during the 2nd quarter valued at $1,723,000. Kovack Advisors Inc. boosted its stake in Gladstone Capital by 1.2% during the first quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock valued at $747,000 after buying an additional 856 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Gladstone Capital by 10.4% during the first quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after acquiring an additional 2,612 shares during the period. nVerses Capital LLC bought a new stake in Gladstone Capital in the second quarter worth about $37,000. Finally, Good Life Advisors LLC lifted its holdings in Gladstone Capital by 101.2% in the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after acquiring an additional 8,979 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.