Legal & General Group Plc Sells 13,697 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Legal & General Group Plc lessened its stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,014 shares of the investment management company's stock after selling 13,697 shares during the quarter. Legal & General Group Plc owned 0.64% of Gladstone Capital worth $4,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Gladstone Capital during the 4th quarter worth about $840,000. Jane Street Group LLC bought a new stake in shares of Gladstone Capital during the third quarter valued at approximately $485,000. Atomi Financial Group Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at approximately $510,000. Fortress Financial Solutions LLC bought a new position in Gladstone Capital in the 4th quarter worth approximately $438,000. Finally, LPL Financial LLC lifted its holdings in Gladstone Capital by 8.5% during the 4th quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock worth $4,396,000 after buying an additional 12,064 shares in the last quarter. Institutional investors and hedge funds own 10.72% of the company's stock.

Gladstone Capital Stock Up 2.3 %

NASDAQ GLAD opened at $24.49 on Wednesday. The stock has a market capitalization of $546.86 million, a P/E ratio of 5.99 and a beta of 1.05. Gladstone Capital Co. has a 52 week low of $20.85 and a 52 week high of $30.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a fifty day moving average of $26.77 and a 200-day moving average of $27.02.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. On average, equities research analysts forecast that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be issued a $0.165 dividend. The ex-dividend date is Monday, April 21st. This represents a yield of 8.27%. Gladstone Capital's dividend payout ratio is currently 48.41%.

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.

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