Gladstone Capital (NASDAQ:GLAD) Stock Price Crosses Above 200-Day Moving Average of $21.36

Gladstone Capital Co. (NASDAQ:GLAD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.36 and traded as high as $22.99. Gladstone Capital shares last traded at $22.98, with a volume of 88,187 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $499.82 million, a price-to-earnings ratio of 8.33 and a beta of 1.25. The stock has a fifty day moving average of $22.16 and a 200 day moving average of $21.36.

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

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 8.62%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s payout ratio is 71.74%.

Institutional Trading of Gladstone Capital

Several large investors have recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of Gladstone Capital by 4.3% during the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 15,119 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Gladstone Capital by 1,319.3% during the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after buying an additional 319,081 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Gladstone Capital by 8.8% during the third quarter. Advisors Asset Management Inc. now owns 334,461 shares of the investment management company’s stock worth $3,224,000 after buying an additional 27,084 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Gladstone Capital by 841.0% during the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after buying an additional 166,935 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Gladstone Capital by 12.3% during the fourth quarter. DNB Asset Management AS now owns 149,694 shares of the investment management company’s stock worth $1,602,000 after buying an additional 16,391 shares during the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.