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

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Monday, July 14th, Wall Street Journal reports. Stockholders 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 dividend yield of 6.78%. 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 research 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 Up 1.0%

Shares of NASDAQ GLAD traded up $0.29 during trading on Thursday, reaching $29.20. The company had a trading volume of 97,961 shares, compared to its average volume of 113,464. Gladstone Capital has a 12-month low of $21.40 and a 12-month high of $30.43. The stock has a market cap of $652.04 million, a PE ratio of 7.41 and a beta of 0.99. The business's 50-day moving average is $26.98 and its 200 day moving average is $27.26. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05.

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

Institutional Trading of Gladstone Capital

An institutional investor recently raised its position in Gladstone Capital stock. Goldman Sachs Group Inc. grew its stake in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,853 shares of the investment management company's stock after acquiring an additional 456 shares during the quarter. Goldman Sachs Group Inc. owned about 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.

Wall Street Analyst Weigh In

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

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.