Legacy Capital Wealth Partners LLC reduced its stake in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 17.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,755 shares of the investment management company's stock after selling 11,810 shares during the period. Legacy Capital Wealth Partners LLC owned approximately 0.25% of Gladstone Capital worth $1,504,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MQS Management LLC bought a new stake in Gladstone Capital in the 1st quarter valued at $223,000. Cambridge Investment Research Advisors Inc. lifted its position in Gladstone Capital by 44.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,035 shares of the investment management company's stock valued at $385,000 after purchasing an additional 4,293 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Gladstone Capital by 78.2% during the first quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company's stock valued at $94,000 after purchasing an additional 1,496 shares during the last quarter. Ameriflex Group Inc. bought a new position in Gladstone Capital during the fourth quarter valued at $406,000. Finally, Northern Trust Corp lifted its position in Gladstone Capital by 12.1% during the fourth quarter. Northern Trust Corp now owns 25,023 shares of the investment management company's stock valued at $712,000 after purchasing an additional 2,699 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, B. Riley upgraded shares of Gladstone Capital to a "hold" rating in a report on Monday, June 16th.
Get Our Latest Stock Report on Gladstone Capital
Gladstone Capital Trading Down 1.1%
GLAD stock traded down $0.31 during trading on Friday, hitting $28.89. The company had a trading volume of 93,235 shares, compared to its average volume of 113,632. The firm has a market capitalization of $645.11 million, a P/E ratio of 7.33 and a beta of 0.99. Gladstone Capital Corporation has a 52-week low of $21.40 and a 52-week high of $30.43. The company has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $27.26. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The investment management company reported $0.50 EPS for the quarter, meeting analysts' consensus estimates of $0.50. The business had revenue of $21.57 million for the quarter, compared to the consensus estimate of $22.95 million. Gladstone Capital had a net margin of 93.42% and a return on equity of 9.85%. As a group, research analysts forecast that Gladstone Capital Corporation will post 2.03 earnings per share for the current fiscal year.
Gladstone Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, September 22nd. Gladstone Capital's dividend payout ratio is currently 50.25%.
About Gladstone Capital
(
Free Report)
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.
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