Gladstone Capital Corporation $GLAD Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Gladstone Capital by 43.1%, now holding 26,166 shares valued at approximately $719,000.
• Gladstone Capital's earnings per share for the quarter were $0.50, meeting analysts' expectations, but revenue fell short of estimates at $21.66 million.
• The company recently declared a monthly dividend of $0.165 per share, reflecting an annualized yield of 7.6%.

Trexquant Investment LP trimmed its holdings in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 43.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,166 shares of the investment management company's stock after selling 19,835 shares during the quarter. Trexquant Investment LP owned about 0.12% of Gladstone Capital worth $719,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GLAD. Northern Trust Corp lifted its stake in Gladstone Capital by 12.1% in the 4th quarter. Northern Trust Corp now owns 25,023 shares of the investment management company's stock worth $712,000 after purchasing an additional 2,699 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Gladstone Capital in the 4th quarter worth approximately $406,000. Farther Finance Advisors LLC lifted its stake in Gladstone Capital by 78.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company's stock worth $94,000 after purchasing an additional 1,496 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Gladstone Capital by 44.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,035 shares of the investment management company's stock worth $385,000 after purchasing an additional 4,293 shares in the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Gladstone Capital during the 1st quarter valued at approximately $223,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GLAD. B. Riley upgraded Gladstone Capital to a "hold" rating in a report on Monday, June 16th. Oppenheimer upped their price objective on Gladstone Capital from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, LADENBURG THALM/SH SH upgraded Gladstone Capital to a "hold" rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.50.

Gladstone Capital Trading Down 0.4%

NASDAQ GLAD traded down $0.09 on Friday, reaching $23.51. The stock had a trading volume of 295,310 shares, compared to its average volume of 172,536. The firm has a market capitalization of $524.98 million, a price-to-earnings ratio of 6.94 and a beta of 1.02. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.06. Gladstone Capital Corporation has a 12-month low of $21.96 and a 12-month high of $30.43. The stock has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $26.60.

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

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 21st were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a c) dividend on an annualized basis and a yield of 8.4%. Gladstone Capital's payout ratio is presently 58.41%.

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.