Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 49.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,820 shares of the investment management company’s stock after selling 11,796 shares during the period. Commonwealth Equity Services LLC owned approximately 0.05% of Gladstone Capital worth $275,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP lifted its position in Gladstone Capital by 30.1% in the fourth quarter. Trexquant Investment LP now owns 85,407 shares of the investment management company’s stock valued at $914,000 after purchasing an additional 19,781 shares during the period. Kovack Advisors Inc. lifted its position in Gladstone Capital by 1.2% in the first 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. TrueMark Investments LLC acquired a new stake in Gladstone Capital in the second quarter valued at about $1,451,000. Atomi Financial Group Inc. lifted its position in Gladstone Capital by 10.4% in the first 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, Register Financial Advisors LLC acquired a new stake in Gladstone Capital in the first quarter valued at about $69,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Trading Up 0.6 %

Shares of Gladstone Capital stock opened at $23.46 on Wednesday. The company has a 50-day moving average of $23.09 and a two-hundred day moving average of $22.35. Gladstone Capital Co. has a 12-month low of $18.40 and a 12-month high of $24.73. 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 stock has a market cap of $510.35 million, a PE ratio of 8.50 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. The business had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. On average, research analysts anticipate that Gladstone Capital Co. will post 2.14 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, September 20th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.44%. Gladstone Capital’s dividend payout ratio (DPR) is 71.74%.

Gladstone Capital 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.