International Assets Investment Management LLC Buys 368,546 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

International Assets Investment Management LLC boosted its stake in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 2,305.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,535 shares of the investment management company's stock after acquiring an additional 368,546 shares during the quarter. International Assets Investment Management LLC owned 1.77% of Gladstone Capital worth $9,248,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Kovack Advisors Inc. lifted its position in 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 buying an additional 856 shares in the last quarter. Atomi Financial Group Inc. lifted its position in 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 buying an additional 2,612 shares in the last quarter. TrueMark Investments LLC bought a new stake in Gladstone Capital during the 2nd quarter worth about $1,451,000. nVerses Capital LLC bought a new stake in Gladstone Capital during the 2nd quarter worth about $37,000. Finally, Legacy Capital Wealth Partners LLC bought a new stake in Gladstone Capital during the 2nd quarter worth about $1,723,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Stock Performance

GLAD traded up $0.04 on Thursday, reaching $24.24. The company had a trading volume of 99,565 shares, compared to its average volume of 127,802. Gladstone Capital Co. has a fifty-two week low of $18.94 and a fifty-two week high of $25.29. The stock has a market cap of $527.32 million, a P/E ratio of 8.08 and a beta of 1.26. The company's fifty day moving average is $23.64 and its 200 day moving average is $23.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02.

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

Gladstone Capital Dividend Announcement

The company 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. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Friday, December 20th. Gladstone Capital's dividend payout ratio (DPR) is presently 66.00%.

Wall Street Analyst Weigh In

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