Kingsview Wealth Management LLC Invests $322,000 in Gladstone Capital Co. (NASDAQ:GLAD)

Kingsview Wealth Management LLC purchased a new position in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,331 shares of the investment management company's stock, valued at approximately $322,000. Kingsview Wealth Management LLC owned about 0.05% of Gladstone Capital as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC acquired a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $92,000. Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $510,000. Jane Street Group LLC acquired a new stake in shares of Gladstone Capital during the 3rd quarter worth approximately $485,000. Quantbot Technologies LP acquired a new stake in shares of Gladstone Capital during the 3rd quarter worth approximately $105,000. Finally, D.A. Davidson & CO. grew its position 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 valued at $2,683,000 after purchasing an additional 8,891 shares during the period. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Stock Up 0.9 %

Shares of GLAD stock traded up $0.28 on Tuesday, hitting $29.50. The stock had a trading volume of 71,221 shares, compared to its average volume of 115,067. The business has a 50 day moving average of $28.73 and a 200 day moving average of $25.84. The stock has a market cap of $658.62 million, a price-to-earnings ratio of 7.76 and a beta of 1.27. 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 Co. has a 12-month low of $19.20 and a 12-month high of $30.43.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%. As a group, analysts expect that Gladstone Capital Co. will post 2.04 EPS for the current year.

Gladstone Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital's dividend payout ratio is currently 52.11%.

Insiders Place Their Bets

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the transaction, the president now owns 248,210 shares of the company's stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.96% of the company's stock.

Analyst Upgrades and Downgrades

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

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.