Gladstone Capital Stock Set to Reverse Split on Friday, April 5th (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLADFree Report)’s stock is scheduled to reverse split before the market opens on Friday, April 5th. The 1-2 reverse split was announced on Friday, April 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 5th.

Gladstone Capital Stock Down 4.6 %

Shares of NASDAQ GLAD opened at $10.08 on Wednesday. The firm has a 50 day moving average price of $10.33 and a 200 day moving average price of $10.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.05 and a current ratio of 0.05. Gladstone Capital has a 52-week low of $9.11 and a 52-week high of $11.28. The stock has a market cap of $438.58 million, a P/E ratio of 7.00 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLADGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. Analysts expect that Gladstone Capital will post 1.1 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were issued a $0.0825 dividend. This represents a $0.99 annualized dividend and a dividend yield of 9.82%. The ex-dividend date was Wednesday, March 20th. Gladstone Capital’s payout ratio is 68.75%.

Analysts Set New Price Targets

Separately, raised Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th.

Get Our Latest Research Report on GLAD

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Creekmur Asset Management LLC bought a new position in Gladstone Capital during the fourth quarter worth about $67,000. Legal & General Group Plc boosted its stake in shares of Gladstone Capital by 7.1% during the 4th quarter. Legal & General Group Plc now owns 293,169 shares of the investment management company’s stock worth $3,135,000 after acquiring an additional 19,472 shares during the period. Royal Bank of Canada increased its holdings in shares of Gladstone Capital by 13.3% during the 4th quarter. Royal Bank of Canada now owns 50,160 shares of the investment management company’s stock worth $537,000 after acquiring an additional 5,903 shares during the last quarter. Garner Asset Management Corp bought a new stake in Gladstone Capital in the 4th quarter valued at $40,000. Finally, Eagle Global Advisors LLC lifted its holdings in Gladstone Capital by 15.4% during the 4th quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,150 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Company Profile

(Get 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.

Further Reading

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