Gladstone Capital Co. (NASDAQ:GLAD) Sees Large Growth in Short Interest

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 791,200 shares, an increase of 20.0% from the October 31st total of 659,500 shares. Currently, 3.7% of the company's shares are short sold. Based on an average daily volume of 125,600 shares, the days-to-cover ratio is currently 6.3 days.

Gladstone Capital Stock Up 0.8 %

Shares of NASDAQ GLAD traded up $0.22 during trading on Friday, hitting $27.89. The stock had a trading volume of 101,260 shares, compared to its average volume of 129,386. The firm has a fifty day moving average of $24.98 and a two-hundred day moving average of $23.69. The company has a market capitalization of $622.78 million, a PE ratio of 7.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. Gladstone Capital has a 12 month low of $19.20 and a 12 month high of $28.09.

Gladstone Capital Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.40 per share. This is a positive change from Gladstone Capital's previous dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 4th. Gladstone Capital's dividend payout ratio (DPR) is 52.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GLAD. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Gladstone Capital during the 2nd quarter worth approximately $1,723,000. International Assets Investment Management LLC grew its holdings in Gladstone Capital by 2,305.0% during the third 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 during the period. Van ECK Associates Corp purchased a new stake in Gladstone Capital in the third quarter worth $12,287,000. Farther Finance Advisors LLC bought a new stake in shares of Gladstone Capital in the third quarter valued at $44,000. Finally, nVerses Capital LLC purchased a new position in shares of Gladstone Capital during the 2nd quarter valued at $37,000. Institutional investors own 10.72% of the company's stock.

Analysts Set New Price Targets

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

About Gladstone Capital

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.