Gladstone Capital Co. to Issue Monthly Dividend of $0.17 (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, February 28th. This represents a $1.98 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Capital has raised its dividend payment by an average of 8.3% per year over the last three years. Gladstone Capital has a payout ratio of 97.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gladstone Capital to earn $2.04 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.1%.

Gladstone Capital Trading Up 2.9 %

NASDAQ GLAD opened at $29.22 on Monday. Gladstone Capital has a 12 month low of $19.20 and a 12 month high of $30.43. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $652.48 million, a P/E ratio of 7.69 and a beta of 1.27. The business has a fifty day simple moving average of $28.69 and a 200 day simple moving average of $25.80.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data 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 net margin of 97.81% and a return on equity of 10.48%. On average, analysts predict that Gladstone Capital will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target for the company.

Insider Buying and Selling

In other news, President Bob Marcotte sold 15,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now owns 248,210 shares in the company, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.96% of the stock is owned by company insiders.

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.