Wedbush Securities Inc. Cuts Stock Holdings in Gladstone Capital Co. (NASDAQ:GLAD)

Wedbush Securities Inc. reduced its position in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 25.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,658 shares of the investment management company’s stock after selling 2,973 shares during the period. Wedbush Securities Inc.’s holdings in Gladstone Capital were worth $201,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Gladstone Capital during the second quarter worth about $1,723,000. Kovack Advisors Inc. boosted its holdings in shares of Gladstone Capital by 1.2% during the first quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after purchasing an additional 856 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Gladstone Capital by 10.4% during the first quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares during the period. nVerses Capital LLC purchased a new stake in shares of Gladstone Capital during the second quarter worth about $37,000. Finally, National Bank of Canada FI purchased a new stake in shares of Gladstone Capital during the second quarter worth about $98,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $23.04 on Monday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $23.20 and a 200-day moving average of $22.21. The firm has a market cap of $501.12 million, a P/E ratio of 8.35 and a beta of 1.26. Gladstone Capital Co. has a 1-year low of $18.40 and a 1-year high of $24.73.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. The company had revenue of $25.69 million during the quarter, compared to the consensus estimate of $24.69 million. Sell-side analysts expect that Gladstone Capital Co. will post 2.14 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be paid a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Capital’s payout ratio is currently 71.74%.

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.