Fortress Financial Solutions LLC Buys Shares of 15,391 Gladstone Capital Co. (NASDAQ:GLAD)

Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,391 shares of the investment management company's stock, valued at approximately $438,000. Fortress Financial Solutions LLC owned approximately 0.07% of Gladstone Capital as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in Gladstone Capital during the third quarter worth about $44,000. PFS Partners LLC grew its stake in shares of Gladstone Capital by 156.0% in the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock valued at $47,000 after buying an additional 1,200 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $92,000. Quantbot Technologies LP purchased a new stake in shares of Gladstone Capital during the 3rd quarter valued at approximately $105,000. Finally, Kingsview Wealth Management LLC acquired a new position in Gladstone Capital in the fourth quarter valued at approximately $322,000. Institutional investors and hedge funds own 10.72% of the company's stock.

Insider Activity

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the president now owns 248,210 shares in the company, valued at $6,788,543.50. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.96% of the company's stock.

Gladstone Capital Trading Up 2.9 %

GLAD traded up $0.82 during mid-day trading on Friday, hitting $29.22. 78,461 shares of the stock were exchanged, compared to its average volume of 112,402. 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 company has a market cap of $652.48 million, a PE ratio of 7.69 and a beta of 1.27. The firm's fifty day moving average is $28.69 and its two-hundred day moving average is $25.79. Gladstone Capital Co. has a 1-year low of $19.20 and a 1-year high of $30.43.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its earnings results 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 return on equity of 10.48% and a net margin of 97.81%. Equities analysts forecast that Gladstone Capital Co. will post 2.04 earnings per share for the current fiscal year.

Gladstone Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.165 dividend. This represents a yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital's dividend payout ratio is currently 52.11%.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 price objective on the stock.

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.