Cetera Investment Advisers Sells 17,840 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Cetera Investment Advisers lessened its position in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital during the 4th quarter worth approximately $438,000. Raymond James Financial Inc. acquired a new position in Gladstone Capital during the fourth quarter worth $840,000. Kingsview Wealth Management LLC bought a new position in Gladstone Capital in the fourth quarter valued at $322,000. LPL Financial LLC grew its position 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 in the last quarter. Finally, Private Trust Co. NA increased its stake in Gladstone Capital by 65.9% in the 4th quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock valued at $45,000 after buying an additional 625 shares during the last quarter. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Stock Up 0.3%

NASDAQ:GLAD traded up $0.08 on Friday, hitting $26.66. 81,541 shares of the company's stock were exchanged, compared to its average volume of 116,556. The firm has a 50-day moving average price of $25.63 and a 200-day moving average price of $27.26. Gladstone Capital Co. has a 52 week low of $21.40 and a 52 week high of $30.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market cap of $595.32 million, a P/E ratio of 6.52 and a beta of 1.00.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting 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. As a group, analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.165 per share. This represents a dividend yield of 7.57%. The ex-dividend date of this dividend is Wednesday, May 21st. 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.