Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $27.81 and last traded at $25.72, with a volume of 39398 shares. The stock had previously closed at $25.68.
Wall Street Analyst Weigh In
Separately, B. Riley started coverage on Gladstone Capital in a report on Wednesday, October 23rd. They set a "neutral" rating and a $23.00 target price on the stock.
Read Our Latest Analysis on Gladstone Capital
Gladstone Capital Trading Down 0.5 %
The company has a market capitalization of $555.93 million, a price-to-earnings ratio of 8.52 and a beta of 1.25. The firm has a 50-day moving average price of $24.12 and a 200-day moving average price of $23.29. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15.
Gladstone Capital Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.40 dividend. This is a boost from Gladstone Capital's previous dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 4th. Gladstone Capital's payout ratio is presently 66.00%.
Institutional Trading of Gladstone Capital
Several hedge funds and other institutional investors have recently modified their holdings of the business. TrueMark Investments LLC acquired a new stake in Gladstone Capital during the second quarter valued at $1,451,000. nVerses Capital LLC acquired a new stake in Gladstone Capital during the second quarter valued at $37,000. Legacy Capital Wealth Partners LLC acquired a new stake in Gladstone Capital during the second quarter valued at $1,723,000. National Bank of Canada FI bought a new position in Gladstone Capital during the second quarter valued at about $98,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Gladstone Capital during the second quarter valued at about $32,000. Institutional investors and hedge funds own 10.72% of the company's stock.
About Gladstone Capital
(
Get Free Report)
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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