Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) declared a monthly dividend on Thursday, July 10th, NASDAQ Dividends reports. Stockholders of record on Monday, July 21st will be given 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 6.87%. The ex-dividend date is Monday, July 21st.
Gladstone Capital has a dividend 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 tumble. 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 Stock Up 1.1%
GLAD stock traded up $0.32 on Monday, hitting $28.84. 75,947 shares of the company's stock were exchanged, compared to its average volume of 113,879. Gladstone Capital has a 12-month low of $21.40 and a 12-month high of $30.43. The firm has a 50 day moving average price of $26.69 and a two-hundred day moving average price of $27.23. 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 stock has a market cap of $644.00 million, a P/E ratio of 7.32 and a beta of 0.99.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share for the quarter, hitting the consensus estimate 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 the consensus estimate of $22.95 million. As a group, equities research analysts expect that Gladstone Capital will post 2.03 EPS for the current fiscal year.
Institutional Trading of 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) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,016 shares of the investment management company's stock, valued at approximately $220,000. Institutional investors own 10.72% of the company's stock.
Analyst Ratings Changes
Separately, B. Riley upgraded Gladstone Capital to a "hold" rating in a research note on Monday, June 16th.
Read Our Latest Analysis on Gladstone Capital
Gladstone Capital Company Profile
(
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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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