Gladstone Capital Co. (NASDAQ:GLAD) Stake Increased by LPL Financial LLC

LPL Financial LLC grew its position in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,580 shares of the investment management company's stock after acquiring an additional 12,064 shares during the quarter. LPL Financial LLC owned about 0.69% of Gladstone Capital worth $4,396,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLAD. Raymond James Financial Inc. purchased a new position in Gladstone Capital in the fourth quarter valued at about $840,000. Private Trust Co. NA raised its stake in Gladstone Capital by 65.9% during the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock worth $45,000 after acquiring an additional 625 shares during the period. Kovack Advisors Inc. raised its position in shares of Gladstone Capital by 5.6% during the 4th quarter. Kovack Advisors Inc. now owns 37,892 shares of the investment management company's stock worth $1,078,000 after purchasing an additional 2,025 shares during the period. D.A. Davidson & CO. lifted its stake in Gladstone Capital by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company's stock valued at $3,215,000 after buying an additional 1,480 shares during the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in Gladstone Capital in the 4th quarter valued at about $438,000. Hedge funds and other institutional investors own 10.72% of the company's stock.

Gladstone Capital Stock Performance

Shares of NASDAQ GLAD traded up $0.49 during midday trading on Tuesday, hitting $25.01. 23,632 shares of the company's stock were exchanged, compared to its average volume of 119,190. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. Gladstone Capital Co. has a twelve month low of $20.30 and a twelve month high of $30.43. The stock's 50 day moving average price is $27.24 and its 200-day moving average price is $27.01. The firm has a market cap of $558.45 million, a P/E ratio of 6.10 and a beta of 1.05.

Remove Ads

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share 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%. Equities research analysts anticipate that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $1.98 annualized dividend and a dividend yield of 7.92%. Gladstone Capital's dividend payout ratio (DPR) is 48.41%.

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.