Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 195,400 shares, a decline of 20.1% from the November 30th total of 244,700 shares. Based on an average daily volume of 125,700 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the company's stock are short sold.
Shares of Gladstone Capital stock traded up $0.04 on Friday, reaching $11.26. The stock had a trading volume of 50,676 shares, compared to its average volume of 133,247. The business's 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.03 and a current ratio of 0.03. Gladstone Capital has a fifty-two week low of $8.79 and a fifty-two week high of $12.58. The stock has a market cap of $386.22 million, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.38.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Monday, November 15th. The investment management company reported $0.20 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.20. The business had revenue of $14.36 million during the quarter, compared to analysts' expectations of $13.89 million. Gladstone Capital had a net margin of 156.71% and a return on equity of 9.26%. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, equities analysts forecast that Gladstone Capital will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Friday, December 31st. Investors of record on Thursday, December 23rd were paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 6.93%. The ex-dividend date was Wednesday, December 22nd. Gladstone Capital's payout ratio is currently 30.71%.
Separately, Zacks Investment Research upgraded shares of Gladstone Capital from a "hold" rating to a "buy" rating and set a $13.00 target price for the company in a research note on Wednesday, December 29th.
A number of institutional investors have recently made changes to their positions in GLAD. Mackenzie Financial Corp increased its holdings in Gladstone Capital by 115.9% in the 2nd quarter. Mackenzie Financial Corp now owns 102,139 shares of the investment management company's stock valued at $1,167,000 after buying an additional 54,833 shares during the period. Shulman DeMeo Asset Management LLC bought a new stake in Gladstone Capital in the 3rd quarter valued at $549,000. BlackRock Inc. increased its holdings in Gladstone Capital by 15.1% in the 3rd quarter. BlackRock Inc. now owns 218,414 shares of the investment management company's stock valued at $2,468,000 after buying an additional 28,687 shares during the period. Morgan Stanley increased its holdings in Gladstone Capital by 15.3% in the 2nd quarter. Morgan Stanley now owns 210,688 shares of the investment management company's stock valued at $2,408,000 after buying an additional 27,908 shares during the period. Finally, DNB Asset Management AS increased its holdings in Gladstone Capital by 22.3% in the 3rd quarter. DNB Asset Management AS now owns 135,253 shares of the investment management company's stock valued at $1,528,000 after buying an additional 24,633 shares during the period. 10.83% of the stock is currently owned by hedge funds and other institutional investors.
Gladstone Capital Company Profile
Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies, that meet certain criteria. The criteria can include some or all of the following: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on the borrower's cash flow, reasonable capitalization of the borrower and the potential to realize appreciation and gain liquidity in our equity position, if any.
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