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

Advisors Asset Management Inc. decreased its stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,331 shares of the investment management company's stock after selling 15,309 shares during the period. Advisors Asset Management Inc. owned approximately 0.36% of Gladstone Capital worth $2,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. grew its position in Gladstone Capital by 8.7% during the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company's stock worth $2,683,000 after purchasing an additional 8,891 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Gladstone Capital in the 3rd quarter worth about $105,000. Jane Street Group LLC acquired a new stake in Gladstone Capital during the 3rd quarter worth about $485,000. Atomi Financial Group Inc. purchased a new position in Gladstone Capital during the 4th quarter valued at about $510,000. Finally, Register Financial Advisors LLC purchased a new position in Gladstone Capital during the 4th quarter valued at about $92,000. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Stock Up 1.0 %

Shares of NASDAQ GLAD traded up $0.27 during mid-day trading on Tuesday, reaching $27.77. The company had a trading volume of 62,126 shares, compared to its average volume of 122,498. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $620.10 million, a price-to-earnings ratio of 6.79 and a beta of 1.25. The stock has a fifty day moving average of $28.59 and a two-hundred day moving average of $26.78. Gladstone Capital Co. has a 12-month low of $19.20 and a 12-month high of $30.43.

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

Gladstone Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital's dividend payout ratio (DPR) is presently 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.