Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in Gladstone Capital Co. (NASDAQ:GLAD - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 144,014 shares of the investment management company's stock after selling 13,697 shares during the period. Legal & General Group Plc owned approximately 0.64% of Gladstone Capital worth $4,096,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised 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 holdings in shares of Gladstone Capital by 5.4% in the 4th quarter. DnB Asset Management AS now owns 116,143 shares of the investment management company's stock valued at $3,303,000 after buying an additional 5,903 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Gladstone Capital by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company's stock valued at $3,215,000 after buying an additional 1,480 shares during the period. Kovack Advisors Inc. raised its holdings in shares of Gladstone Capital by 5.6% in the 4th quarter. Kovack Advisors Inc. now owns 37,892 shares of the investment management company's stock valued at $1,078,000 after buying an additional 2,025 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Gladstone Capital in the 4th quarter valued at $840,000. Hedge funds and other institutional investors own 10.72% of the company's stock.

Gladstone Capital Trading Up 0.7 %

Shares of GLAD stock traded up $0.17 on Monday, hitting $25.59. The stock had a trading volume of 79,599 shares, compared to its average volume of 118,253. The company's 50 day moving average price is $26.46 and its 200-day moving average price is $27.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. Gladstone Capital Co. has a 1 year low of $20.85 and a 1 year high of $30.43. The firm has a market capitalization of $571.42 million, a P/E ratio of 6.26 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. Analysts anticipate that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd will be given a $0.165 dividend. The ex-dividend date is Monday, April 21st. This represents a dividend yield of 8.27%. Gladstone Capital's dividend payout ratio (DPR) is presently 48.41%.

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.