Atomi Financial Group Inc. Invests $510,000 in Gladstone Capital Co. (NASDAQ:GLAD)

Atomi Financial Group Inc. purchased a new stake in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,917 shares of the investment management company's stock, valued at approximately $510,000. Atomi Financial Group Inc. owned 0.08% of Gladstone Capital at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in Gladstone Capital during the second quarter valued at approximately $32,000. Farther Finance Advisors LLC purchased a new stake in shares of Gladstone Capital during the 3rd quarter valued at $44,000. PFS Partners LLC lifted its holdings in shares of Gladstone Capital by 156.0% during the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock worth $47,000 after acquiring an additional 1,200 shares during the last quarter. Quantbot Technologies LP purchased a new position in Gladstone Capital in the third quarter worth $105,000. Finally, Good Life Advisors LLC increased its stake in Gladstone Capital by 101.2% in the third quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company's stock valued at $429,000 after acquiring an additional 8,979 shares during the last quarter. Institutional investors own 10.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on Gladstone Capital in a report on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 price objective for the company.

Gladstone Capital Trading Down 0.2 %

NASDAQ:GLAD traded down $0.07 during trading hours on Friday, reaching $30.12. The company's stock had a trading volume of 100,425 shares, compared to its average volume of 99,460. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $672.58 million, a price-to-earnings ratio of 7.93 and a beta of 1.27. The firm has a 50-day simple moving average of $28.07 and a 200-day simple moving average of $25.25. Gladstone Capital Co. has a 1 year low of $19.20 and a 1 year high of $30.37.

Gladstone Capital Cuts Dividend

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

Insider Activity

In related news, President Bob Marcotte sold 15,500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now directly owns 248,210 shares of the company's stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.96% of the stock is currently owned by corporate insiders.

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.