Gladstone Capital (NASDAQ:GLAD) Sets New 1-Year High - Still a Buy?

Shares of Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $25.20 and last traded at $25.05, with a volume of 29085 shares trading hands. The stock had previously closed at $24.91.

Gladstone Capital Stock Up 1.4 %

The business has a fifty day simple moving average of $23.43 and a two-hundred day simple moving average of $22.83. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $549.72 million, a PE ratio of 9.16 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. The company had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. As a group, equities research analysts predict that Gladstone Capital Co. will post 2.14 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.98 annualized dividend and a dividend yield of 7.84%. Gladstone Capital's dividend payout ratio is presently 71.74%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC purchased a new position in shares of Gladstone Capital during the 2nd quarter worth $1,723,000. Kovack Advisors Inc. raised its holdings in shares of Gladstone Capital by 1.2% during the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company's stock worth $747,000 after acquiring an additional 856 shares during the period. TrueMark Investments LLC purchased a new position in shares of Gladstone Capital during the 2nd quarter worth $1,451,000. Atomi Financial Group Inc. raised its holdings in shares of Gladstone Capital by 10.4% during the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company's stock worth $298,000 after acquiring an additional 2,612 shares during the period. Finally, Good Life Advisors LLC raised its holdings in Gladstone Capital by 101.2% in the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company's stock valued at $429,000 after buying an additional 8,979 shares during the period. Hedge funds and other 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.