Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 205,713 shares were traded during mid-day trading, an increase of 74% from the previous session's volume of 118,537 shares.The stock last traded at $23.25 and had previously closed at $24.60.
Gladstone Capital Trading Up 1.8 %
The firm has a market cap of $539.27 million, a P/E ratio of 5.90 and a beta of 1.05. The firm has a fifty day simple moving average of $27.34 and a 200-day simple moving average of $26.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (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%. On average, equities research analysts expect that Gladstone Capital Co. will post 2.03 earnings per share for the current year.
Gladstone Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, April 21st will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend is Monday, April 21st. Gladstone Capital's payout ratio is presently 48.41%.
Hedge Funds Weigh In On Gladstone Capital
Several large investors have recently added to or reduced their stakes in GLAD. Jane Street Group LLC bought a new stake in Gladstone Capital during the 3rd quarter worth approximately $485,000. Atomi Financial Group Inc. purchased a new stake in Gladstone Capital in the 4th quarter valued at $510,000. Register Financial Advisors LLC bought a new position in Gladstone Capital during the 4th quarter valued at $92,000. Kingsview Wealth Management LLC purchased a new position in Gladstone Capital during the 4th quarter worth $322,000. Finally, Fortress Financial Solutions LLC bought a new stake in shares of Gladstone Capital in the 4th quarter worth $438,000. Institutional investors own 10.72% of the company's stock.
About Gladstone Capital
(
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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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