Gladstone Capital Corporation (NASDAQ:GLAD) Announces $0.17 Monthly Dividend

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Monday, July 14th, Wall Street Journal reports. Shareholders of record on Monday, September 22nd will be given a dividend of 0.165 per share by the investment management company on Tuesday, September 30th. This represents a $1.98 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Monday, September 22nd.

Gladstone Capital has a dividend payout ratio of 98.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. 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 opened at $28.52 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $636.85 million, a P/E ratio of 7.24 and a beta of 0.99. The stock has a 50-day moving average price of $26.69 and a 200-day moving average price of $27.23. Gladstone Capital has a 12-month low of $21.40 and a 12-month high of $30.43.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Gladstone Capital

An institutional investor recently raised its position 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,853 shares of the investment management company's stock after purchasing an additional 456 shares during the period. Goldman Sachs Group Inc. owned 0.13% of Gladstone Capital worth $792,000 as of its most recent SEC filing. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Company 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.

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