Good Life Advisors LLC Trims Stake in Gladstone Capital Co. (NASDAQ:GLAD)

Good Life Advisors LLC cut its stake in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 49.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,011 shares of the investment management company's stock after selling 8,839 shares during the period. Good Life Advisors LLC's holdings in Gladstone Capital were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GLAD. Farther Finance Advisors LLC bought a new stake in shares of Gladstone Capital in the 3rd quarter worth approximately $44,000. PFS Partners LLC boosted its position in Gladstone Capital by 156.0% during the third 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 purchased a new stake in Gladstone Capital during the fourth quarter valued at about $92,000. Quantbot Technologies LP bought a new position in shares of Gladstone Capital during the third quarter valued at about $105,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Gladstone Capital in the fourth quarter worth about $322,000. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Trading Up 0.1 %

GLAD stock traded up $0.04 during trading on Tuesday, hitting $28.38. 34,478 shares of the company traded hands, compared to its average volume of 111,610. The company has a 50-day moving average of $28.87 and a 200-day moving average of $26.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital Co. has a 1 year low of $19.20 and a 1 year high of $30.43. The firm has a market capitalization of $633.73 million, a PE ratio of 6.94 and a beta of 1.27.

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Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings data 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 net margin of 106.59% and a return on equity of 10.00%. Analysts predict that Gladstone Capital Co. will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date was Friday, January 24th. Gladstone Capital's dividend payout ratio (DPR) is 48.41%.

Insider Transactions at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 of the company's stock, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.96% of the stock is currently owned by company insiders.

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.