B. Riley upgraded shares of Gladstone Capital (NASDAQ:GLAD - Free Report) to a hold rating in a research note released on Tuesday, Zacks.com reports.
Gladstone Capital Price Performance
GLAD traded up $0.05 during midday trading on Tuesday, hitting $24.33. The company had a trading volume of 105,673 shares, compared to its average volume of 128,736. Gladstone Capital has a twelve month low of $18.56 and a twelve month high of $25.29. The firm's 50-day simple moving average is $23.54 and its 200-day simple moving average is $22.88. The company has a market capitalization of $529.27 million, a PE ratio of 8.82 and a beta of 1.26. 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 quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. The firm 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%. Equities research analysts predict that Gladstone Capital will post 2.14 EPS for the current fiscal year.
Gladstone Capital Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Capital's dividend payout ratio is 71.74%.
Hedge Funds Weigh In On Gladstone Capital
Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Capital in the 2nd quarter worth $32,000. nVerses Capital LLC bought a new position in Gladstone Capital during the second quarter worth about $37,000. National Bank of Canada FI acquired a new position in shares of Gladstone Capital during the 2nd quarter worth about $98,000. Register Financial Advisors LLC bought a new stake in shares of Gladstone Capital in the 1st quarter valued at about $69,000. Finally, Good Life Advisors LLC increased its stake in shares of 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 acquiring an additional 8,979 shares during the last quarter. 10.72% of the stock is owned by institutional investors.
Gladstone Capital Company Profile
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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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