Gladstone Capital (NASDAQ:GLAD) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.22 and traded as high as $28.11. Gladstone Capital shares last traded at $27.91, with a volume of 92,028 shares.

Analysts Set New Price Targets

Separately, B. Riley upgraded Gladstone Capital to a "hold" rating in a research report on Monday, June 16th.

Gladstone Capital Stock Performance

The firm has a market capitalization of $623.90 million, a P/E ratio of 7.09 and a beta of 0.99. The stock has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $27.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The investment management company reported $0.50 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 return on equity of 9.85% and a net margin of 93.42%. On average, research analysts predict that Gladstone Capital Corporation will post 2.03 EPS for the current year.

Gladstone Capital Dividend Announcement

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

Institutional Investors Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently modified their holdings of GLAD. Goldman Sachs Group Inc. grew its holdings in Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock worth $792,000 after buying an additional 456 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Gladstone Capital in the first quarter worth $204,000. Focus Partners Wealth purchased a new position in Gladstone Capital in the first quarter worth $220,000. Advisors Asset Management Inc. boosted its position in Gladstone Capital by 8.0% in the first quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company's stock worth $2,352,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Compound Planning Inc. boosted its position in Gladstone Capital by 14.6% in the first quarter. Compound Planning Inc. now owns 20,537 shares of the investment management company's stock worth $564,000 after purchasing an additional 2,620 shares during the last quarter. Institutional investors own 10.72% of the company's stock.

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.