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

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Thursday, July 10th, NASDAQ Dividends reports. Stockholders of record on Monday, July 21st will be paid a dividend of 0.165 per share by the investment management company on Thursday, July 31st. This represents a $1.98 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Monday, July 21st.

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. Equities 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 Price Performance

NASDAQ:GLAD traded up $0.20 during mid-day trading on Friday, hitting $28.52. The company's stock had a trading volume of 60,535 shares, compared to its average volume of 114,177. Gladstone Capital has a fifty-two week low of $21.40 and a fifty-two week high of $30.43. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $26.62 and a 200-day moving average of $27.23. The company has a market capitalization of $636.85 million, a price-to-earnings ratio of 7.24 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 (EPS) for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $21.57 million during the quarter, compared to the consensus estimate of $22.95 million. Gladstone Capital had a net margin of 93.42% and a return on equity of 9.85%. As a group, equities analysts forecast that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Gladstone Capital

An institutional investor recently bought a new position in Gladstone Capital stock. Focus Partners Wealth bought a new stake in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 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.

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.

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