Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.92 and traded as high as $27.70. Gladstone Capital shares last traded at $27.46, with a volume of 118,028 shares traded.
Gladstone Capital Stock Performance
The stock has a market capitalization of $549.32 million, a price-to-earnings ratio of 6.01 and a beta of 1.25. The company's 50-day simple moving average is $28.15 and its 200-day simple moving average is $26.99. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share 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, analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current year.
Gladstone Capital Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a $0.165 dividend. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital's dividend payout ratio is currently 48.41%.
Hedge Funds Weigh In On Gladstone Capital
A number of hedge funds have recently bought and sold shares of GLAD. Jane Street Group LLC acquired a new stake in Gladstone Capital during the 3rd quarter worth about $485,000. Fortress Financial Solutions LLC bought a new stake in shares of Gladstone Capital during the 4th quarter valued at about $438,000. Kingsview Wealth Management LLC acquired a new stake in Gladstone Capital during the fourth quarter worth approximately $322,000. Atomi Financial Group Inc. bought a new stake in Gladstone Capital in the fourth quarter worth approximately $510,000. Finally, Raymond James Financial Inc. acquired a new position in Gladstone Capital in the fourth quarter valued at approximately $840,000. 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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