Mackenzie Financial Corp Invests $363,000 in Gladstone Capital Corporation (NASDAQ:GLAD)

Key Points

• Mackenzie Financial Corp has invested approximately $363,000 in Gladstone Capital Corporation, acquiring 13,230 shares, which represents 0.06% ownership of the company.
• Several hedge funds have increased their stakes in Gladstone Capital, including Cetera Investment Advisers and Cambridge Investment Research Advisors, indicating growing institutional interest in the company.
• Gladstone Capital recently declared a dividend of $0.165 per share, yielding 685.0%, with an ex-dividend date of July 21st, highlighting its commitment to returning value to shareholders.

Mackenzie Financial Corp purchased a new position in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,230 shares of the investment management company's stock, valued at approximately $363,000. Mackenzie Financial Corp owned about 0.06% of Gladstone Capital as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GLAD. Raymond James Financial Inc. acquired a new stake in Gladstone Capital during the fourth quarter worth about $840,000. Ameriflex Group Inc. acquired a new stake in shares of Gladstone Capital during the 4th quarter worth about $406,000. Aquatic Capital Management LLC acquired a new stake in shares of Gladstone Capital during the 4th quarter worth about $246,000. XTX Topco Ltd acquired a new stake in shares of Gladstone Capital during the 4th quarter worth about $241,000. Finally, MQS Management LLC acquired a new position in Gladstone Capital in the 1st quarter valued at about $223,000. 10.72% of the stock is owned by institutional investors and hedge funds.

Gladstone Capital Stock Down 0.4%

Shares of NASDAQ GLAD traded down $0.12 during midday trading on Wednesday, hitting $27.20. 19,134 shares of the company's stock were exchanged, compared to its average volume of 100,631. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.08 and a quick ratio of 0.08. Gladstone Capital Corporation has a twelve month low of $21.96 and a twelve month high of $30.43. The company has a market cap of $607.44 million, a PE ratio of 8.03 and a beta of 1.01. The firm's fifty day simple moving average is $27.49 and its 200-day simple moving average is $27.08.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its earnings results on Monday, August 4th. The investment management company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. The business had revenue of $21.66 million for the quarter, compared to analyst estimates of $21.93 million. Research analysts predict that Gladstone Capital Corporation will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a dividend yield of 685.0%. Gladstone Capital's dividend payout ratio (DPR) is presently 58.41%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GLAD. B. Riley upgraded Gladstone Capital to a "hold" rating in a research note on Monday, June 16th. LADENBURG THALM/SH SH upgraded Gladstone Capital to a "hold" rating in a research note on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on Gladstone Capital from $24.00 to $26.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th.

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.