Gladstone Capital (NASDAQ:GLAD) Hits New 1-Year High - What's Next?

Shares of Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.48 and last traded at $29.20, with a volume of 19672 shares trading hands. The stock had previously closed at $29.08.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 price objective for the company.

Gladstone Capital Price Performance

The stock's 50-day simple moving average is $26.73 and its two-hundred day simple moving average is $24.63. The firm has a market cap of $647.12 million, a P/E ratio of 7.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a $0.40 dividend. This is a positive change from Gladstone Capital's previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 4th. Gladstone Capital's dividend payout ratio is 52.11%.

Insider Buying and Selling at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares of the company's stock, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.08% of the company's stock.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently bought and sold shares of GLAD. Jane Street Group LLC purchased a new stake in shares of Gladstone Capital during the third quarter valued at $485,000. Quantbot Technologies LP purchased a new stake in Gladstone Capital in the 3rd quarter valued at about $105,000. D.A. Davidson & CO. grew its stake in Gladstone Capital by 8.7% in the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company's stock worth $2,683,000 after acquiring an additional 8,891 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company's stock worth $863,000 after acquiring an additional 702 shares during the period. Finally, PFS Partners LLC raised its stake in shares of Gladstone Capital by 156.0% during the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock valued at $47,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 10.72% of the company's stock.

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.