Raymond James Financial Inc. Purchases Shares of 29,550 Gladstone Capital Co. (NASDAQ:GLAD)

Raymond James Financial Inc. bought a new stake in shares of Gladstone Capital Co. (NASDAQ:GLAD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,550 shares of the investment management company's stock, valued at approximately $840,000. Raymond James Financial Inc. owned approximately 0.13% of Gladstone Capital as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GLAD. Private Trust Co. NA increased its stake in shares of Gladstone Capital by 65.9% during the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company's stock valued at $45,000 after buying an additional 625 shares during the period. Register Financial Advisors LLC purchased a new position in Gladstone Capital during the 4th quarter valued at about $92,000. Quantbot Technologies LP bought a new stake in shares of Gladstone Capital in the 3rd quarter valued at about $105,000. Kingsview Wealth Management LLC purchased a new stake in shares of Gladstone Capital in the 4th quarter worth approximately $322,000. Finally, Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital during the fourth quarter valued at approximately $438,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Stock Up 7.1 %

GLAD stock traded up $1.65 during trading on Wednesday, hitting $24.77. 294,554 shares of the company's stock traded hands, compared to its average volume of 119,618. The business has a fifty day simple moving average of $27.55 and a two-hundred day simple moving average of $26.98. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $553.11 million, a P/E ratio of 6.06 and a beta of 1.05. Gladstone Capital Co. has a 1 year low of $20.21 and a 1 year high of $30.43.

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

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Friday, June 20th. Gladstone Capital's payout ratio is 48.41%.

Gladstone Capital 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.