Gladstone Capital (NASDAQ:GLAD) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Gladstone Capital (NASDAQ:GLAD – Get Rating) from a sell rating to a hold rating in a research report released on Thursday morning.

Separately, TheStreet raised shares of Gladstone Capital from a c+ rating to a b rating in a report on Monday, December 5th.

Gladstone Capital Price Performance

GLAD opened at $10.02 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $365.83 million, a price-to-earnings ratio of 25.69 and a beta of 1.32. The firm’s fifty day moving average price is $10.16 and its two-hundred day moving average price is $9.82. Gladstone Capital has a 1 year low of $8.21 and a 1 year high of $12.78.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Thursday, March 16th. Gladstone Capital’s dividend payout ratio (DPR) is currently 230.78%.

Hedge Funds Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Gladstone Capital in the 2nd quarter worth about $36,000. Money Concepts Capital Corp purchased a new position in shares of Gladstone Capital in the 4th quarter worth about $36,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gladstone Capital by 230.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock worth $51,000 after buying an additional 2,999 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Gladstone Capital in the 2nd quarter worth about $95,000. Finally, BNP Paribas Arbitrage SNC raised its stake in Gladstone Capital by 123.3% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 13,344 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 7,369 shares during the period. 9.11% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

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Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies, that meet certain criteria. The criteria can include some or all of the following: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, reasonable capitalization of the borrower and the potential to realize appreciation and gain liquidity in our equity position, if any.