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

Gladstone Capital Co. (NASDAQ:GLAD) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 791,200 shares, a growth of 20.0% from the October 31st total of 659,500 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 125,600 shares, the short-interest ratio is currently 6.3 days.

Hedge Funds Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in Gladstone Capital during the 2nd quarter worth $32,000. nVerses Capital LLC bought a new stake in Gladstone Capital during the 2nd quarter worth $37,000. Farther Finance Advisors LLC acquired a new position in Gladstone Capital in the 3rd quarter worth about $44,000. PFS Partners LLC raised its position in Gladstone Capital by 156.0% in the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Gladstone Capital during the second quarter valued at about $98,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Trading Up 0.8 %

NASDAQ:GLAD opened at $27.89 on Friday. The stock has a market capitalization of $622.78 million, a PE ratio of 7.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $28.09. The business’s 50-day simple moving average is $24.98 and its 200-day simple moving average is $23.68.

Gladstone Capital Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.40 per share. This is an increase from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date is Wednesday, December 4th. Gladstone Capital’s dividend payout ratio is currently 52.11%.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price target on the stock.

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.