Gladstone Capital (NASDAQ:GLAD) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.29 and traded as high as $27.59. Gladstone Capital shares last traded at $26.84, with a volume of 106,651 shares.

Gladstone Capital Stock Up 0.6%

The company's 50-day moving average is $25.51 and its 200 day moving average is $27.29. The stock has a market capitalization of $602.69 million, a PE ratio of 6.60 and a beta of 1.01. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted 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. Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. The business had revenue of $21.57 million during the quarter, compared to the consensus estimate of $22.95 million. As a group, analysts anticipate that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Dividend Announcement

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

Institutional Trading of Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in GLAD. LPL Financial LLC lifted its holdings in shares of Gladstone Capital by 8.5% in the 4th quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock valued at $4,396,000 after buying an additional 12,064 shares during the period. DnB Asset Management AS raised its position in Gladstone Capital by 5.4% during the fourth quarter. DnB Asset Management AS now owns 116,143 shares of the investment management company's stock valued at $3,303,000 after acquiring an additional 5,903 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Gladstone Capital by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company's stock valued at $3,215,000 after acquiring an additional 1,480 shares during the period. Advisors Asset Management Inc. lifted its holdings 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 valued at $2,352,000 after acquiring an additional 6,321 shares during the period. Finally, Kovack Advisors Inc. boosted its position in Gladstone Capital by 1.8% in the 1st quarter. Kovack Advisors Inc. now owns 38,561 shares of the investment management company's stock worth $1,059,000 after purchasing an additional 669 shares in the last quarter. 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.