Gladstone Capital (NASDAQ:GLAD) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Gladstone Capital shares moved above their 200-day moving average, reaching $19.79 and recently trading near $19.73. The stock is up 0.4%, with a market capitalization of approximately $445.7 million.
• Analysts have a consensus “Hold” rating on GLAD, with a price target of $21.67. The company slightly exceeded quarterly EPS expectations, reporting $0.49 versus the $0.48 consensus, though revenue fell short of estimates.
• Gladstone Capital announced a monthly dividend of $0.15 per share, representing an annualized yield of approximately 9.1%. Institutional investors and hedge funds own 10.72% of the company.

Shares of Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.88 and traded as high as $19.79. Gladstone Capital shares last traded at $19.73, with a volume of 157,249 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GLAD. Weiss Ratings upgraded Gladstone Capital from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 2nd. B. Riley Financial restated a "buy" rating on shares of Gladstone Capital in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Gladstone Capital has a consensus rating of "Hold" and a consensus price target of $21.67.

Gladstone Capital Stock Up 0.4%

The stock's fifty day simple moving average is $19.34 and its 200-day simple moving average is $18.88. The company has a market capitalization of $445.70 million, a PE ratio of 9.58 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. Analysts expect that Gladstone Capital Corporation will post 1.99 EPS for the current year.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, September 21st. Gladstone Capital's payout ratio is presently 87.38%.

Institutional Trading of Gladstone Capital

Large investors have recently bought and sold shares of the company. Miller Global Investments LLC purchased a new position in shares of Gladstone Capital in the second quarter valued at $311,000. Sunbelt Securities Inc. purchased a new stake in shares of Gladstone Capital in the 1st quarter worth about $142,000. Entropy Technologies LP acquired a new stake in Gladstone Capital in the 1st quarter valued at about $179,000. Virtu Financial LLC acquired a new stake in Gladstone Capital in the 4th quarter valued at about $213,000. Finally, Virtus Investment Advisers LLC grew its stake in Gladstone Capital by 60.5% in the 4th quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company's stock valued at $587,000 after acquiring an additional 10,703 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company's stock.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.

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