Trexquant Investment LP Sells 52,192 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Trexquant Investment LP trimmed its stake in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 53.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,001 shares of the investment management company's stock after selling 52,192 shares during the period. Trexquant Investment LP owned about 0.21% of Gladstone Capital worth $1,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLAD. Jane Street Group LLC bought a new position in Gladstone Capital during the 3rd quarter valued at about $485,000. Fortress Financial Solutions LLC acquired a new stake in Gladstone Capital during the 4th quarter valued at $438,000. Raymond James Financial Inc. bought a new position in Gladstone Capital in the 4th quarter valued at $840,000. Kingsview Wealth Management LLC acquired a new position in Gladstone Capital in the fourth quarter worth $322,000. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at $510,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Price Performance

Shares of GLAD traded up $0.61 during mid-day trading on Tuesday, hitting $25.13. 37,066 shares of the company traded hands, compared to its average volume of 119,231. The business has a 50-day moving average of $27.24 and a 200 day moving average of $27.01. Gladstone Capital Co. has a one year low of $20.30 and a one year high of $30.43. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $561.04 million, a price-to-earnings ratio of 6.14 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. As a group, equities analysts expect that Gladstone Capital Co. will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 7.88%. The ex-dividend date is Monday, April 21st. Gladstone Capital's payout ratio is 48.41%.

Gladstone Capital 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.