International Assets Investment Management LLC Trims Position in Gladstone Capital Co. (NASDAQ:GLAD)

International Assets Investment Management LLC reduced its stake in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 95.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,989 shares of the investment management company's stock after selling 368,546 shares during the period. International Assets Investment Management LLC owned 0.07% of Gladstone Capital worth $465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kovack Advisors Inc. grew its stake in shares of Gladstone Capital by 2.0% in the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company's stock valued at $863,000 after acquiring an additional 702 shares in the last quarter. PFS Partners LLC grew its stake in shares of Gladstone Capital by 156.0% in the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock valued at $47,000 after acquiring an additional 1,200 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Gladstone Capital in the second quarter valued at about $32,000. Farther Finance Advisors LLC acquired a new position in shares of Gladstone Capital in the third quarter valued at about $44,000. Finally, National Bank of Canada FI acquired a new position in shares of Gladstone Capital in the second quarter valued at about $98,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares of the company's stock, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.96% of the company's stock.

Gladstone Capital Trading Down 1.7 %

NASDAQ:GLAD traded down $0.50 on Friday, reaching $28.30. 92,249 shares of the stock traded hands, compared to its average volume of 114,625. The firm has a market capitalization of $631.94 million, a price-to-earnings ratio of 7.45 and a beta of 1.27. The company's 50 day moving average is $27.18 and its 200-day moving average is $24.83. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital Co. has a 1-year low of $19.20 and a 1-year high of $29.48.

Gladstone Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.40 per share. This is an increase from Gladstone Capital's previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 4th. Gladstone Capital's dividend payout ratio (DPR) is 52.11%.

Analyst Upgrades and Downgrades

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

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.