Ameriflex Group Inc. Takes $406,000 Position in Gladstone Capital Co. (NASDAQ:GLAD)

Ameriflex Group Inc. acquired a new position in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,624 shares of the investment management company's stock, valued at approximately $406,000. Ameriflex Group Inc. owned about 0.06% of Gladstone Capital as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fortress Financial Solutions LLC acquired a new stake in Gladstone Capital in the 4th quarter valued at $438,000. Raymond James Financial Inc. purchased a new stake in shares of Gladstone Capital during the 4th quarter valued at about $840,000. Kingsview Wealth Management LLC purchased a new position in shares of Gladstone Capital in the fourth quarter valued at $322,000. LPL Financial LLC boosted its holdings in Gladstone Capital by 8.5% in the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock valued at $4,396,000 after purchasing an additional 12,064 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Gladstone Capital by 65.9% in the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock worth $45,000 after buying an additional 625 shares during the last quarter. 10.72% of the stock is owned by hedge funds and other institutional investors.

Gladstone Capital Stock Up 0.4%

NASDAQ:GLAD traded up $0.11 during mid-day trading on Friday, reaching $26.69. The stock had a trading volume of 81,487 shares, compared to its average volume of 116,537. The stock's 50 day simple moving average is $25.66 and its two-hundred day simple moving average is $27.25. Gladstone Capital Co. has a 1-year low of $21.40 and a 1-year high of $30.43. The company has a market capitalization of $595.99 million, a price-to-earnings ratio of 6.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. The business had revenue of $21.57 million for the quarter, compared to analyst estimates of $22.95 million. Equities analysts anticipate that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 7.57%. Gladstone Capital's dividend payout ratio is currently 50.25%.

Gladstone Capital 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.