Gladstone Capital (NASDAQ:GLAD) Sets New 12-Month High at $23.11

Gladstone Capital Co. (NASDAQ:GLAD) hit a new 52-week high on Thursday . The company traded as high as $23.11 and last traded at $23.09, with a volume of 14707 shares. The stock had previously closed at $22.98.

Wall Street Analysts Forecast Growth

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

Gladstone Capital Trading Up 0.6 %

The stock’s 50 day simple moving average is $22.25 and its 200 day simple moving average is $21.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $506.12 million, a PE ratio of 8.43 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.31). Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. The company 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 posted $0.52 earnings per share. On average, sell-side analysts forecast that Gladstone Capital Co. will post 2.11 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.51%. Gladstone Capital’s dividend payout ratio is 71.74%.

Institutional Trading of Gladstone Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Gladstone Capital by 4.3% in the 3rd quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock valued at $3,503,000 after purchasing an additional 15,119 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Gladstone Capital during the third quarter valued at about $138,000. Trexquant Investment LP increased its holdings in shares of Gladstone Capital by 297.8% in the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock worth $633,000 after buying an additional 49,127 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Gladstone Capital in the 3rd quarter valued at about $881,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Gladstone Capital by 841.0% in the 3rd quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after acquiring an additional 166,935 shares during the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

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.