Gladstone Capital Corporation (NASDAQ:GLAD) Short Interest Up 33.2% in May

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 359,800 shares, an increase of 33.2% from the May 15th total of 270,100 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 107,500 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of Gladstone Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Trust Co. NA grew its stake in Gladstone Capital by 65.9% during the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock valued at $45,000 after acquiring an additional 625 shares in the last quarter. Quantbot Technologies LP bought a new position in Gladstone Capital during the first quarter valued at $77,000. Farther Finance Advisors LLC lifted its position in Gladstone Capital by 78.2% during the first quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company's stock valued at $94,000 after purchasing an additional 1,496 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Gladstone Capital during the first quarter valued at $204,000. Finally, Wedbush Securities Inc. bought a new position in Gladstone Capital during the fourth quarter valued at $209,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

Gladstone Capital Price Performance

Shares of NASDAQ GLAD traded up $0.14 during midday trading on Tuesday, reaching $26.64. The stock had a trading volume of 62,774 shares, compared to its average volume of 115,143. The stock has a 50-day moving average of $25.82 and a 200-day moving average of $27.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $594.87 million, a price-to-earnings ratio of 6.76 and a beta of 1.01. 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 announced its quarterly earnings data on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 93.42% and a return on equity of 9.85%. As a group, research analysts anticipate that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a $0.165 dividend. The ex-dividend date was Wednesday, May 21st. This represents a dividend yield of 7.57%. Gladstone Capital's dividend payout ratio (DPR) is presently 50.25%.

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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