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

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Friday, July 11th, Wall Street Journal reports. Investors of record on Monday, September 22nd will be paid 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 is Monday, September 22nd.

Gladstone Capital has a payout ratio of 98.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Trading Up 0.7%

GLAD traded up $0.20 during trading on Friday, reaching $28.52. The company had a trading volume of 60,535 shares, compared to its average volume of 114,032. The firm's 50-day simple moving average is $26.69 and its 200 day simple moving average is $27.23. The company has a market cap of $636.85 million, a price-to-earnings ratio of 7.24 and a beta of 0.99. Gladstone Capital has a 12-month low of $21.40 and a 12-month high of $30.43. 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 (NASDAQ:GLAD - Get Free Report) last issued 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 firm had revenue of $21.57 million for the quarter, compared to analysts' expectations of $22.95 million. Equities research analysts anticipate that Gladstone Capital will post 2.03 earnings per share 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 purchased a new stake in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,016 shares of the investment management company's stock, valued at approximately $220,000. Institutional investors and hedge funds own 10.72% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley upgraded 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.