Gladstone Capital (NASDAQ:GLAD) Hits New 52-Week High - Time to Buy?

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $25.29 and last traded at $25.15, with a volume of 88453 shares traded. The stock had previously closed at $24.90.

Wall Street Analyst Weigh In

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

Gladstone Capital Stock Performance

The stock's 50 day simple moving average is $23.83 and its two-hundred day simple moving average is $23.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.02. The stock has a market cap of $548.85 million, a P/E ratio of 8.41 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. The firm had revenue of $25.69 million during the quarter, compared to analysts' expectations of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. As a group, research analysts forecast that Gladstone Capital Co. will post 2.13 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Capital's dividend payout ratio is presently 66.00%.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp bought a new stake in Gladstone Capital during the third quarter worth about $12,287,000. International Assets Investment Management LLC raised its stake in shares of 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 worth $9,248,000 after purchasing an additional 368,546 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in shares of Gladstone Capital in the second quarter valued at $1,723,000. TrueMark Investments LLC bought a new position in shares of Gladstone Capital in the second quarter valued at $1,451,000. Finally, Good Life Advisors LLC raised its position in Gladstone Capital by 101.2% during the third quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company's stock worth $429,000 after acquiring an additional 8,979 shares in the last quarter. 10.72% of the stock is owned by 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.

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