Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Friday, July 11th, 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 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Monday, September 22nd.
Gladstone Capital has a 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. 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 Trading Up 1.1%
Shares of NASDAQ:GLAD traded up $0.32 during mid-day trading on Monday, hitting $28.84. The stock had a trading volume of 75,947 shares, compared to its average volume of 113,879. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a 12-month low of $21.40 and a 12-month high of $30.43. The company's 50 day moving average is $26.69 and its 200-day moving average is $27.23. The company has a market cap of $644.00 million, a PE ratio of 7.32 and a beta of 0.99.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share 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 company had revenue of $21.57 million during the quarter, compared to analysts' expectations of $22.95 million. On average, sell-side analysts predict that Gladstone Capital will post 2.03 EPS for the current year.
Institutional Investors Weigh In On Gladstone Capital
An institutional investor recently bought a new position in Gladstone Capital stock. Focus Partners Wealth acquired a new position in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,016 shares of the investment management company's stock, valued at approximately $220,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, B. Riley upgraded shares of Gladstone Capital to a "hold" rating in a research report on Monday, June 16th.
Get Our Latest Report on Gladstone Capital
About Gladstone Capital
(
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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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