Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.22 and traded as high as $27.33. Gladstone Capital shares last traded at $26.97, with a volume of 119,094 shares changing hands.
Analysts Set New Price Targets
Separately, B. Riley upgraded shares of Gladstone Capital to a "hold" rating in a report on Monday, June 16th.
Read Our Latest Stock Report on Gladstone Capital
Gladstone Capital Price Performance
The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $26.31 and a 200-day moving average of $27.22. The firm has a market capitalization of $617.18 million, a P/E ratio of 7.01 and a beta of 0.99.
Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $21.57 million for the quarter, compared to analyst estimates of $22.95 million. Gladstone Capital had a net margin of 93.42% and a return on equity of 9.85%. On average, sell-side analysts predict that Gladstone Capital Corporation will post 2.03 EPS for the current year.
Gladstone Capital Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a $0.165 dividend. This represents a dividend yield of 7.57%. The ex-dividend date was Wednesday, May 21st. Gladstone Capital's dividend payout ratio is currently 50.25%.
Hedge Funds Weigh In On Gladstone Capital
A number of hedge funds have recently modified their holdings of GLAD. Raymond James Financial Inc. bought a new stake in shares of Gladstone Capital in the 4th quarter valued at about $840,000. Ameriflex Group Inc. acquired a new position in shares of Gladstone Capital in the 4th quarter worth approximately $406,000. Mackenzie Financial Corp bought a new stake in shares of Gladstone Capital in the 1st quarter valued at $363,000. LPL Financial LLC raised its stake in Gladstone Capital by 8.5% during the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock worth $4,396,000 after buying an additional 12,064 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Gladstone Capital in the fourth quarter valued at $246,000. Institutional investors and hedge funds own 10.72% of the company's stock.
Gladstone Capital Company Profile
(
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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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