Gladstone Capital (NASDAQ:GLAD) Share Price Passes Above Two Hundred Day Moving Average of $21.28

Gladstone Capital Co. (NASDAQ:GLAD) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.28 and traded as high as $22.82. Gladstone Capital shares last traded at $22.61, with a volume of 83,932 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

Gladstone Capital Stock Down 1.4 %

The stock has a fifty day moving average price of $21.89 and a two-hundred day moving average price of $21.28. The firm has a market capitalization of $491.77 million, a P/E ratio of 8.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. The business had revenue of $24.00 million for the quarter, compared to analyst estimates of $24.08 million. During the same period last year, the company posted $0.52 earnings per share. Research analysts forecast that Gladstone Capital Co. will post 2.11 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.98 dividend on an annualized basis and a yield of 8.76%. Gladstone Capital’s payout ratio is currently 71.74%.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors have recently made changes to their positions in GLAD. Kovack Advisors Inc. boosted its position in Gladstone Capital by 1.2% during the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock valued at $747,000 after purchasing an additional 856 shares during the period. Private Advisor Group LLC increased its holdings in shares of Gladstone Capital by 9.1% in the 4th quarter. Private Advisor Group LLC now owns 19,583 shares of the investment management company’s stock worth $210,000 after acquiring an additional 1,639 shares during the period. Eagle Global Advisors LLC lifted its position in Gladstone Capital by 15.4% in the 4th quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,150 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in Gladstone Capital by 10.4% during the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock valued at $298,000 after purchasing an additional 2,612 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in Gladstone Capital in the 4th quarter worth about $67,000. 10.72% of the stock is owned by institutional investors.

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.