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

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 107,500 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.7% of the company's shares are short sold.

Gladstone Capital Stock Down 1.4%

GLAD traded down $0.37 during trading on Friday, hitting $26.53. The company had a trading volume of 126,323 shares, compared to its average volume of 115,252. The firm's 50-day moving average price is $25.93 and its 200 day moving average price is $27.25. The company has a market capitalization of $592.41 million, a PE ratio of 6.73 and a beta of 1.01. 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 has a one year low of $21.40 and a one year high of $30.43.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its 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. 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 during the quarter, compared to the consensus estimate of $22.95 million. As a group, equities analysts expect that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, B. Riley raised Gladstone Capital to a "hold" rating in a research note on Monday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Gladstone Capital in the fourth quarter valued at about $840,000. Ameriflex Group Inc. acquired a new position in shares of Gladstone Capital in the 4th quarter valued at approximately $406,000. Mackenzie Financial Corp bought a new position in Gladstone Capital in the first quarter valued at approximately $363,000. LPL Financial LLC raised its position in Gladstone Capital by 8.5% during the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock valued at $4,396,000 after purchasing an additional 12,064 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Gladstone Capital in the 4th quarter valued at $246,000. Institutional investors and hedge funds 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.