Gladstone Capital Corporation $GLAD Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Gladstone Capital holdings by 1,463.6% in the third quarter, reaching 250,000 shares valued at approximately $4.8 million, or 1.11% of the company.
• Gladstone Capital reported quarterly EPS of $0.49, slightly above analyst estimates, while revenue of $24.5 million came in below expectations. Shares opened at $18.97, compared with a consensus analyst price target of $21.67.
• The company declared a monthly dividend of $0.15 per share, equivalent to $1.80 annually and a 9.5% yield; the dividend payout ratio is 87.38%.

International Assets Investment Management LLC raised its holdings in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 1,463.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,000 shares of the investment management company's stock after acquiring an additional 234,011 shares during the period. International Assets Investment Management LLC owned about 1.11% of Gladstone Capital worth $4,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GLAD. Sunbelt Securities Inc. bought a new position in shares of Gladstone Capital in the first quarter worth about $142,000. Entropy Technologies LP acquired a new stake in shares of Gladstone Capital in the 1st quarter valued at approximately $179,000. Fortress Financial Solutions LLC bought a new stake in shares of Gladstone Capital during the 3rd quarter valued at approximately $263,000. Miller Global Investments LLC bought a new stake in shares of Gladstone Capital during the 2nd quarter valued at approximately $311,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Gladstone Capital by 66.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company's stock valued at $4,327,000 after purchasing an additional 89,446 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company's stock.

Gladstone Capital Price Performance

Shares of GLAD opened at $18.97 on Monday. The stock has a market cap of $428.53 million, a PE ratio of 9.21 and a beta of 0.94. Gladstone Capital Corporation has a 12-month low of $16.54 and a 12-month high of $21.73. The business has a 50-day simple moving average of $19.27 and a two-hundred day simple moving average of $19.11.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. The firm had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. On average, equities research analysts expect that Gladstone Capital Corporation will post 1.99 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Monday, December 21st. Gladstone Capital's dividend payout ratio (DPR) is 87.38%.

Analysts Set New Price Targets

Several equities analysts recently commented on GLAD shares. ATB Cormark Capital Markets raised shares of Gladstone Capital to a "moderate buy" rating in a research note on Thursday, October 8th. Weiss Ratings cut shares of Gladstone Capital from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, October 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.67.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to small and mid-sized businesses in the United States. The company seeks to support established companies by investing in a combination of debt and equity securities.

Its investments may include first- and second-lien secured loans, unsecured and subordinated debt, mezzanine financing, and equity interests. Gladstone Capital generally partners with businesses across a range of industries, providing capital intended to support acquisitions, recapitalizations, growth initiatives, and other corporate financing needs.

Founded in 2001, Gladstone Capital is externally managed by Gladstone Management Corporation, an investment adviser affiliated with the broader Gladstone group of companies.

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