Advisors Asset Management Inc. Sells 15,309 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Advisors Asset Management Inc. lowered its stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,331 shares of the investment management company's stock after selling 15,309 shares during the quarter. Advisors Asset Management Inc. owned about 0.36% of Gladstone Capital worth $2,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its position 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 buying an additional 8,891 shares in the last quarter. Quantbot Technologies LP acquired a new position in Gladstone Capital during the third quarter valued at approximately $105,000. Jane Street Group LLC acquired a new position in Gladstone Capital during the third quarter valued at approximately $485,000. Atomi Financial Group Inc. bought a new stake in Gladstone Capital during the fourth quarter worth $510,000. Finally, Register Financial Advisors LLC bought a new position in shares of Gladstone Capital in the 4th quarter valued at $92,000. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock traded down $0.05 during trading on Wednesday, reaching $27.72. 34,106 shares of the company's stock were exchanged, compared to its average volume of 121,888. The firm's 50-day moving average price is $28.59 and its 200 day moving average price is $26.78. The company has a market cap of $618.99 million, a P/E ratio of 6.78 and a beta of 1.25. 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.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. As a group, research analysts anticipate that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Cuts Dividend

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

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.