Gladstone Capital Corporation (NASDAQ:GLAD) President Robert L. Marcotte acquired 8,000 shares of Gladstone Capital stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average price of $9.82 per share, with a total value of $78,560.00. Following the completion of the purchase, the president now directly owns 381,770 shares of the company’s stock, valued at approximately $3,748,981.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Gladstone Capital Corporation (NASDAQ:GLAD) remained flat at $$9.75 during trading hours on Friday. 143,164 shares of the company’s stock were exchanged, compared to its average volume of 104,342. The stock has a market capitalization of $259.66, a price-to-earnings ratio of 11.61 and a beta of 1.25. Gladstone Capital Corporation has a 52 week low of $8.31 and a 52 week high of $10.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.33 and a current ratio of 4.33.
Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, November 20th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.72 million. Gladstone Capital had a net margin of 43.78% and a return on equity of 9.94%. equities research analysts anticipate that Gladstone Capital Corporation will post 0.85 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 8.62%. The ex-dividend date is Monday, December 18th. Gladstone Capital’s payout ratio is currently 125.37%.
A number of analysts have recently weighed in on GLAD shares. Zacks Investment Research cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. National Securities restated a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital in a research note on Tuesday, September 26th. Wedbush started coverage on shares of Gladstone Capital in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective for the company. Finally, Ladenburg Thalmann Financial Services started coverage on shares of Gladstone Capital in a research note on Friday, October 6th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Gladstone Capital currently has a consensus rating of “Hold” and a consensus target price of $9.16.
A number of large investors have recently added to or reduced their stakes in GLAD. Bank of Montreal Can acquired a new position in Gladstone Capital during the 2nd quarter valued at $1,946,000. Mckinley Capital Management LLC Delaware acquired a new position in Gladstone Capital during the 2nd quarter valued at $1,200,000. GSA Capital Partners LLP raised its stake in Gladstone Capital by 193.0% during the 3rd quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock valued at $846,000 after purchasing an additional 58,673 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Gladstone Capital during the 2nd quarter valued at $542,000. Finally, Goldman Sachs Group Inc. acquired a new position in Gladstone Capital during the 2nd quarter valued at $415,000. Hedge funds and other institutional investors own 14.45% of the company’s stock.
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About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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