Gladstone Capital Corporation (NASDAQ:GLAD) to Issue $0.17 Dividend

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a dividend on Monday, July 21st, investing.com reports. Investors of record on Tuesday, July 22nd will be given a dividend of 0.165 per share by the investment management company on Thursday, July 31st. This represents a dividend yield of 6.85%. The ex-dividend date is Monday, July 21st.

Gladstone Capital has a dividend payout ratio of 98.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.5%.

Gladstone Capital Price Performance

GLAD stock traded down $0.16 during midday trading on Thursday, hitting $28.71. 29,398 shares of the stock were exchanged, compared to its average volume of 102,199. The stock's 50-day moving average price is $27.20 and its 200-day moving average price is $27.26. The stock has a market cap of $641.14 million, a price-to-earnings ratio of 7.29 and a beta of 0.99. Gladstone Capital has a fifty-two week low of $21.40 and a fifty-two week high of $30.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $21.57 million during the quarter, compared to analysts' expectations of $22.95 million. Gladstone Capital had a return on equity of 9.85% and a net margin of 93.42%. Research analysts predict that Gladstone Capital will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised Gladstone Capital to a "hold" rating in a report on Monday, June 16th.

Hedge Funds Weigh In On Gladstone Capital

A hedge fund recently raised its stake in Gladstone Capital stock. Goldman Sachs Group Inc. lifted its stake in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,853 shares of the investment management company's stock after buying an additional 456 shares during the period. Goldman Sachs Group Inc. owned approximately 0.13% of Gladstone Capital worth $792,000 as of its most recent SEC filing. Institutional investors own 10.72% of the company's stock.

About Gladstone Capital

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.