Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Update

Gladstone Capital Co. (NASDAQ:GLAD) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 308,500 shares, a drop of 6.9% from the May 31st total of 331,400 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 133,500 shares, the days-to-cover ratio is presently 2.3 days.

Gladstone Capital Stock Performance

Shares of GLAD stock opened at $23.69 on Thursday. Gladstone Capital has a 52 week low of $18.40 and a 52 week high of $23.82. The firm’s 50-day simple moving average is $22.39 and its two-hundred day simple moving average is $21.45. The firm has a market cap of $515.35 million, a price-to-earnings ratio of 8.58 and a beta of 1.26. 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 posted its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31). The firm had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, equities analysts forecast that Gladstone Capital will post 2.11 earnings per share for the current 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 $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 8.36%. The ex-dividend date of this dividend was Tuesday, June 18th. Gladstone Capital’s dividend payout ratio (DPR) is currently 71.74%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in shares of Gladstone Capital by 4.3% in the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Gladstone Capital during the third quarter worth $138,000. Trexquant Investment LP lifted its position in shares of Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock worth $633,000 after acquiring an additional 49,127 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Gladstone Capital in the third quarter worth $881,000. Finally, Quadrature Capital Ltd grew its position in shares of Gladstone Capital by 841.0% in the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after purchasing an additional 166,935 shares in the last quarter. 10.72% of the stock is owned by hedge funds and other 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.