Gladstone Capital (NASDAQ:GLAD) Share Price Crosses Above 200-Day Moving Average - What's Next?

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.18 and traded as high as $27.46. Gladstone Capital shares last traded at $26.91, with a volume of 75,993 shares.

Wall Street Analyst Weigh In

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

Gladstone Capital Stock Down 1.3%

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $600.90 million, a PE ratio of 6.83 and a beta of 1.01. The company has a 50 day moving average price of $27.41 and a 200-day moving average price of $27.18.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.85% and a net margin of 93.42%. The business had revenue of $21.66 million for the quarter, compared to analysts' expectations of $21.93 million. As a group, analysts forecast that Gladstone Capital Corporation will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were issued a $0.165 dividend. The ex-dividend date was Monday, July 21st. This represents a yield of 685.0%. Gladstone Capital's dividend payout ratio is 50.25%.

Hedge Funds Weigh In On Gladstone Capital

A number of institutional investors have recently added to or reduced their stakes in GLAD. LPL Financial LLC boosted its holdings in shares of Gladstone Capital by 8.5% during 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 in the last quarter. Wedbush Securities Inc. purchased a new position in Gladstone Capital during the 4th quarter valued at about $209,000. Raymond James Financial Inc. bought a new stake in Gladstone Capital during the fourth quarter worth about $840,000. XTX Topco Ltd purchased a new stake in Gladstone Capital in the fourth quarter worth about $241,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Gladstone Capital during the fourth quarter valued at approximately $246,000. 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.

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