Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 75.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,527 shares of the investment management company's stock after selling 381,540 shares during the quarter. Van ECK Associates Corp owned approximately 0.56% of Gladstone Capital worth $3,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLAD. International Assets Investment Management LLC raised its holdings in shares of Gladstone Capital by 2,305.0% in the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company's stock valued at $9,248,000 after purchasing an additional 368,546 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Gladstone Capital by 8.7% in the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company's stock valued at $2,683,000 after purchasing an additional 8,891 shares during the period. Kovack Advisors Inc. raised its position in Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company's stock worth $863,000 after acquiring an additional 702 shares during the period. Jane Street Group LLC acquired a new stake in shares of Gladstone Capital in the third quarter valued at about $485,000. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at about $510,000. Institutional investors own 10.72% of the company's stock.

Insider Activity at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.96% of the stock is owned by corporate insiders.

Gladstone Capital Trading Down 0.8 %

Shares of GLAD traded down $0.22 during mid-day trading on Friday, reaching $28.79. The stock had a trading volume of 66,858 shares, compared to its average volume of 109,125. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $642.88 million, a price-to-earnings ratio of 7.04 and a beta of 1.27. The business's fifty day moving average is $28.85 and its 200 day moving average is $25.98. Gladstone Capital Co. has a 52-week low of $19.20 and a 52-week high of $30.43.

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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. On average, sell-side analysts predict that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.165 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 6.57%. 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.