Gladstone Capital Co. (NASDAQ:GLAD) Announces $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) announced a monthly dividend on Friday, April 12th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.165 per share by the investment management company on Friday, May 31st. This represents a $1.98 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date is Thursday, May 16th.

Gladstone Capital has raised its dividend payment by an average of 6.5% per year over the last three years and has raised its dividend every year for the last 2 years. Gladstone Capital has a payout ratio of 45.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gladstone Capital to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 45.4%.

Gladstone Capital Trading Down 1.7 %

Shares of NASDAQ GLAD traded down $0.35 during trading on Friday, reaching $20.31. The company had a trading volume of 125,087 shares, compared to its average volume of 150,531. The company's fifty day moving average price is $20.46 and its 200-day moving average price is $20.46. Gladstone Capital has a 12 month low of $18.38 and a 12 month high of $22.56. The stock has a market cap of $441.74 million, a P/E ratio of 7.05 and a beta of 1.25. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.20.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The company had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. As a group, research analysts expect that Gladstone Capital will post 2.2 earnings per share for the current year.

Institutional Trading of Gladstone Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL purchased a new stake in shares of Gladstone Capital during the first quarter valued at approximately $136,000. XTX Topco Ltd purchased a new stake in Gladstone Capital in the first quarter worth $135,000. Private Advisor Group LLC increased its position in Gladstone Capital by 9.5% in the first quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management company's stock worth $135,000 after buying an additional 1,000 shares during the last quarter. UBS Group AG increased its position in Gladstone Capital by 27.2% in the third quarter. UBS Group AG now owns 12,425 shares of the investment management company's stock worth $120,000 after buying an additional 2,655 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC increased its position in Gladstone Capital by 123.3% in the third quarter. BNP Paribas Arbitrage SNC now owns 13,344 shares of the investment management company's stock worth $113,000 after buying an additional 7,369 shares during the last quarter. 10.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gladstone Capital from a "hold" rating to a "sell" rating in a report on Friday, April 5th.

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.