Jane Street Group LLC Buys Shares of 20,176 Gladstone Capital Co. (NASDAQ:GLAD)

Jane Street Group LLC acquired a new stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,176 shares of the investment management company's stock, valued at approximately $485,000. Jane Street Group LLC owned approximately 0.09% of Gladstone Capital as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Gladstone Capital during the second quarter valued at approximately $32,000. Farther Finance Advisors LLC bought a new stake in Gladstone Capital during the 3rd quarter valued at $44,000. PFS Partners LLC boosted its position in Gladstone Capital by 156.0% during the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock worth $47,000 after acquiring an additional 1,200 shares during the period. National Bank of Canada FI bought a new position in shares of Gladstone Capital in the second quarter worth $98,000. Finally, Quantbot Technologies LP acquired a new position in shares of Gladstone Capital during the third quarter valued at $105,000. Institutional investors own 10.72% of the company's stock.

Insider Activity at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the transaction, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.96% of the stock is owned by insiders.

Gladstone Capital Price Performance

GLAD stock traded down $0.34 on Tuesday, hitting $28.64. 78,499 shares of the company's stock traded hands, compared to its average volume of 124,050. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $639.53 million, a price-to-earnings ratio of 7.54 and a beta of 1.27. Gladstone Capital Co. has a 1-year low of $19.20 and a 1-year high of $29.48. The stock has a fifty day moving average of $26.82 and a 200-day moving average of $24.68.

Gladstone Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Gladstone Capital's previous dividend of $0.17. Gladstone Capital's payout ratio is presently 52.11%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a "neutral" rating and a $23.00 target price on the stock.

Gladstone Capital 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.