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 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 Stock Performance
Shares of GLAD stock traded down $0.49 during trading hours on Monday, reaching $28.40. The stock had a trading volume of 105,434 shares, compared to its average volume of 113,600. Gladstone Capital has a twelve month low of $21.40 and a twelve month high of $30.43. The firm has a market capitalization of $634.17 million, a PE ratio of 7.21 and a beta of 0.99. The firm has a 50-day simple moving average of $27.06 and a 200-day simple moving average of $27.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.04 and a quick ratio of 0.04.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share 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, equities analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.
Analyst Ratings Changes
Separately, B. Riley upgraded Gladstone Capital to a "hold" rating in a research note on Monday, June 16th.
Check Out Our Latest Stock Report on GLAD
Hedge Funds Weigh In On Gladstone Capital
A hedge fund recently raised its stake in Gladstone Capital stock. Goldman Sachs Group Inc. grew its stake in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,853 shares of the investment management company's stock after buying an additional 456 shares during the quarter. Goldman Sachs Group Inc. owned 0.13% of Gladstone Capital worth $792,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 10.72% of the company's stock.
About Gladstone Capital
(
Get 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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