D.A. Davidson & CO. Has $1.62 Million Position in Gladstone Capital Co. (NASDAQ:GLAD)

D.A. Davidson & CO. lowered its stake in shares of Gladstone Capital Co. (NASDAQ:GLADFree Report) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,011 shares of the investment management company’s stock after selling 18,718 shares during the period. D.A. Davidson & CO.’s holdings in Gladstone Capital were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in shares of Gladstone Capital during the 2nd quarter valued at about $106,000. Atria Wealth Solutions Inc. lifted its position in shares of Gladstone Capital by 91.1% in the second quarter. Atria Wealth Solutions Inc. now owns 30,777 shares of the investment management company’s stock worth $300,000 after purchasing an additional 14,671 shares in the last quarter. Virtus ETF Advisers LLC boosted its holdings in Gladstone Capital by 82.5% during the third quarter. Virtus ETF Advisers LLC now owns 54,860 shares of the investment management company’s stock worth $529,000 after purchasing an additional 24,802 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Gladstone Capital by 72.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,636 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 9,099 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in Gladstone Capital in the 3rd quarter valued at $1,226,000. Institutional investors own 10.63% of the company’s stock.

Gladstone Capital Trading Up 0.9 %

Gladstone Capital stock opened at $10.00 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.04. The firm has a 50-day moving average of $10.65 and a 200-day moving average of $10.26. The company has a market cap of $435.10 million, a price-to-earnings ratio of 6.94 and a beta of 1.27. Gladstone Capital Co. has a one year low of $8.87 and a one year high of $11.28.

Gladstone Capital (NASDAQ:GLADGet Free Report) last posted its quarterly earnings results on Monday, November 13th. The investment management company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $23.76 million for the quarter, compared to analyst estimates of $23.37 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. On average, equities analysts expect that Gladstone Capital Co. will post 1.1 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 21st will be paid a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Wednesday, March 20th. Gladstone Capital’s dividend payout ratio is currently 68.75%.

Gladstone Capital Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gladstone Capital (NASDAQ:GLAD)

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