Gladstone Capital (NASDAQ:GLAD) Sets New 52-Week High - Still a Buy?

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $28.17 and last traded at $28.17, with a volume of 183 shares. The stock had previously closed at $27.90.

Analysts Set New Price Targets

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

Gladstone Capital Stock Performance

The company's 50 day moving average price is $25.75 and its 200-day moving average price is $24.10. The stock has a market cap of $613.18 million, a P/E ratio of 7.23 and a beta of 1.28. 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 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 given 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 dividend payout ratio (DPR) is presently 52.11%.

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now owns 248,210 shares of the company's stock, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GLAD. TrueMark Investments LLC purchased a new position in Gladstone Capital in the second quarter valued at approximately $1,451,000. nVerses Capital LLC purchased a new stake in Gladstone Capital in the 2nd quarter worth about $37,000. Legacy Capital Wealth Partners LLC bought a new stake in Gladstone Capital in the 2nd quarter valued at about $1,723,000. National Bank of Canada FI purchased a new stake in Gladstone Capital during the second quarter valued at about $98,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Capital during the second quarter valued at about $32,000. 10.72% of the stock is owned by institutional investors.

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.