Gladstone Capital (NASDAQ:GLAD) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Gladstone Capital Stock Performance

The firm has a 50 day moving average of $25.64 and a two-hundred day moving average of $27.29. The stock has a market cap of $596.21 million, a P/E ratio of 6.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (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 company had revenue of $21.57 million for the quarter, compared to analyst estimates of $22.95 million. On average, research analysts predict that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

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. This represents a dividend yield of 7.57%. The ex-dividend date was Wednesday, May 21st. Gladstone Capital's payout ratio is presently 50.25%.

Institutional Trading of Gladstone Capital

Large investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new stake in Gladstone Capital during the first quarter worth about $204,000. Focus Partners Wealth acquired a new position in Gladstone Capital during the 1st quarter valued at about $220,000. Goldman Sachs Group Inc. boosted its stake in shares of Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock valued at $792,000 after purchasing an additional 456 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Gladstone Capital by 8.0% during the first quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company's stock worth $2,352,000 after buying an additional 6,321 shares during the last quarter. Finally, Compound Planning Inc. lifted its holdings 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 valued at $564,000 after buying an additional 2,620 shares during the period. 10.72% of the stock is currently owned by institutional investors.

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.