Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Update

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 728,700 shares, a decline of 7.9% from the November 15th total of 791,200 shares. Based on an average daily volume of 129,900 shares, the short-interest ratio is currently 5.6 days. Currently, 3.4% of the company's stock are short sold.

Gladstone Capital Stock Down 1.6 %

NASDAQ:GLAD traded down $0.44 during midday trading on Monday, reaching $27.46. 141,330 shares of the stock traded hands, compared to its average volume of 128,481. The business has a 50-day moving average of $25.68 and a two-hundred day moving average of $24.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $28.09. The stock has a market capitalization of $613.18 million, a PE ratio of 7.33 and a beta of 1.28.

Gladstone Capital Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid 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 is Wednesday, December 4th. Gladstone Capital's payout ratio is 52.11%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company's stock in a transaction 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 sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legacy Capital Wealth Partners LLC purchased a new position in shares of Gladstone Capital in the 2nd quarter valued at approximately $1,723,000. International Assets Investment Management LLC increased its stake in Gladstone Capital by 2,305.0% during 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. Farther Finance Advisors LLC purchased a new position in shares of Gladstone Capital in the third quarter worth $44,000. Van ECK Associates Corp acquired a new stake in shares of Gladstone Capital during the third quarter worth $12,287,000. Finally, nVerses Capital LLC purchased a new stake in shares of Gladstone Capital during the second quarter valued at $37,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.