Gladstone Capital (NASDAQ:GLAD) Share Price Crosses Above 200 Day Moving Average of $20.98

Shares of Gladstone Capital Co. (NASDAQ:GLAD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.98 and traded as high as $22.32. Gladstone Capital shares last traded at $22.28, with a volume of 74,385 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Gladstone Capital Trading Up 1.2 %

The business’s 50 day moving average is $21.24 and its two-hundred day moving average is $20.99. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $484.59 million, a P/E ratio of 8.07 and a beta of 1.23.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.08 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Analysts expect that Gladstone Capital Co. will post 2.11 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of Gladstone Capital by 4.3% in the 3rd quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 15,119 shares during the last quarter. International Assets Investment Management LLC grew its position in Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after buying an additional 319,081 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Gladstone Capital by 8.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,461 shares of the investment management company’s stock worth $3,224,000 after acquiring an additional 27,084 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Gladstone Capital by 841.0% in the 3rd quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 166,935 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Gladstone Capital by 12.3% in the 4th quarter. DNB Asset Management AS now owns 149,694 shares of the investment management company’s stock worth $1,602,000 after acquiring an additional 16,391 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors.

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.