DnB Asset Management AS Purchases 5,903 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

DnB Asset Management AS boosted its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,143 shares of the investment management company’s stock after purchasing an additional 5,903 shares during the period. DnB Asset Management AS owned about 0.52% of Gladstone Capital worth $3,303,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. LPL Financial LLC boosted its stake in Gladstone Capital by 8.5% in the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company’s stock valued at $4,396,000 after buying an additional 12,064 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Gladstone Capital by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock valued at $3,215,000 after purchasing an additional 1,480 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of Gladstone Capital by 5.6% during the 4th quarter. Kovack Advisors Inc. now owns 37,892 shares of the investment management company’s stock valued at $1,078,000 after purchasing an additional 2,025 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Gladstone Capital during the 4th quarter worth approximately $840,000. Finally, Jane Street Group LLC bought a new position in Gladstone Capital in the 3rd quarter valued at approximately $485,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Stock Performance

NASDAQ GLAD opened at $27.46 on Tuesday. Gladstone Capital Co. has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The stock has a market cap of $613.18 million, a PE ratio of 6.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The firm’s fifty day moving average price is $28.43 and its two-hundred day moving average price is $26.92.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. On average, equities analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a yield of 6.57%. Gladstone Capital’s dividend payout ratio is presently 48.41%.

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.