D.A. Davidson & CO. Trims Position in Gladstone Capital Corporation $GLAD

Key Points

• D.A. Davidson cut its stake in Gladstone Capital by 48.9% in Q4, selling 56,695 shares and leaving it with 59,256 shares worth $1.224 million (about 0.26% of the company).
• Gladstone announced a monthly dividend of $0.15 (ex-dividend June 23, payable June 30)
• Analysts have an average rating of "Hold" with a $21.67 target; the stock traded at $19.26, has a PE of 12.11 and $435M market cap, and recently reported quarterly EPS of $0.50 (beating the $0.48 estimate) while revenue slightly missed expectations.

D.A. Davidson & CO. trimmed its holdings in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,256 shares of the investment management company's stock after selling 56,695 shares during the period. D.A. Davidson & CO. owned 0.26% of Gladstone Capital worth $1,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock valued at $792,000 after buying an additional 456 shares during the last quarter. CWM LLC raised its holdings in shares of Gladstone Capital by 89.2% in the third quarter. CWM LLC now owns 2,246 shares of the investment management company's stock valued at $49,000 after buying an additional 1,059 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Gladstone Capital in the third quarter valued at about $31,000. Quantbot Technologies LP raised its holdings in shares of Gladstone Capital by 52.7% in the second quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company's stock valued at $115,000 after buying an additional 1,474 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of Gladstone Capital in the second quarter valued at about $42,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLAD shares. Wall Street Zen raised shares of Gladstone Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. Jefferies Financial Group set a $21.00 price target on shares of Gladstone Capital and gave the stock a "hold" rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.67.

Gladstone Capital Trading Up 1.9%

Shares of Gladstone Capital stock opened at $19.26 on Friday. Gladstone Capital Corporation has a 12-month low of $16.54 and a 12-month high of $29.50. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $435.08 million, a PE ratio of 12.11 and a beta of 0.92. The company has a 50-day moving average of $18.12 and a two-hundred day moving average of $19.45.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The company had revenue of $24.51 million during the quarter, compared to analysts' expectations of $24.70 million. On average, research analysts anticipate that Gladstone Capital Corporation will post 1.95 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.3%. Gladstone Capital's dividend payout ratio (DPR) is 113.21%.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.

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