Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 55.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,298 shares of the investment management company's stock after selling 17,840 shares during the period. Cetera Investment Advisers owned about 0.06% of Gladstone Capital worth $407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in shares of Gladstone Capital by 65.9% during the 4th quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock worth $45,000 after acquiring an additional 625 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $209,000. XTX Topco Ltd purchased a new position in Gladstone Capital during the 4th quarter worth $241,000. Aquatic Capital Management LLC purchased a new position in Gladstone Capital during the 4th quarter worth $246,000. Finally, Kingsview Wealth Management LLC purchased a new position in Gladstone Capital during the 4th quarter worth $322,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Trading Down 1.0%

GLAD traded down $0.27 during trading on Monday, hitting $26.41. 80,209 shares of the stock were exchanged, compared to its average volume of 116,479. The firm has a 50 day simple moving average of $25.61 and a 200 day simple moving average of $27.29. The firm has a market cap of $589.74 million, a price-to-earnings ratio of 6.46 and a beta of 1.00. Gladstone Capital Co. has a 1 year low of $21.40 and a 1 year high of $30.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $22.95 million. As a group, equities analysts expect 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 was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 7.57%. Gladstone Capital's dividend payout ratio is currently 50.25%.

About Gladstone Capital

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.