Gladstone Capital (NASDAQ:GLAD) Stock Passes Above 200 Day Moving Average - What's Next?

Shares of Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) 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.

Analyst Ratings Changes

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

Gladstone Capital Trading Up 0.7%

The stock has a market capitalization of $636.85 million, a PE ratio of 7.24 and a beta of 0.99. The firm has a 50 day moving average price of $26.62 and a 200 day moving average price of $27.23. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The investment management company reported $0.50 EPS for the quarter, hitting 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%. Equities analysts expect that Gladstone Capital Corporation will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 6.94%. The ex-dividend date of this dividend is Monday, September 22nd. Gladstone Capital's dividend payout ratio (DPR) is presently 50.25%.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Gladstone Capital in the fourth quarter worth about $840,000. LPL Financial LLC grew its stake in shares of Gladstone Capital by 8.5% in the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock worth $4,396,000 after purchasing an additional 12,064 shares during the last quarter. DnB Asset Management AS grew its stake in shares of Gladstone Capital by 5.4% in the fourth quarter. DnB Asset Management AS now owns 116,143 shares of the investment management company's stock worth $3,303,000 after purchasing an additional 5,903 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Gladstone Capital in the fourth quarter worth about $209,000. Finally, XTX Topco Ltd bought a new stake in shares of Gladstone Capital in the fourth quarter worth about $241,000. 10.72% of the stock is owned by institutional investors.

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.