Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 7.9% in November

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 728,700 shares, a decline of 7.9% from the November 15th total of 791,200 shares. Based on an average trading volume of 129,900 shares, the short-interest ratio is presently 5.6 days. Currently, 3.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, B. Riley began coverage on shares of Gladstone Capital in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock.

Gladstone Capital Price Performance

GLAD stock opened at $27.86 on Wednesday. The company’s 50-day moving average price is $25.75 and its two-hundred day moving average price is $24.10. Gladstone Capital has a 12 month low of $19.20 and a 12 month high of $28.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $622.11 million, a P/E ratio of 7.33 and a beta of 1.28.

Gladstone Capital Increases Dividend

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

Insider Buying and Selling at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.08% of the company’s stock.

Institutional Trading of Gladstone Capital

A number of large investors have recently bought and sold shares of GLAD. TrueMark Investments LLC acquired a new position in shares of Gladstone Capital during the 2nd quarter valued at $1,451,000. nVerses Capital LLC acquired a new position in shares of Gladstone Capital during the second quarter valued at about $37,000. Legacy Capital Wealth Partners LLC bought a new position in shares of Gladstone Capital during the 2nd quarter worth about $1,723,000. National Bank of Canada FI acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at about $98,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Gladstone Capital in the 2nd quarter valued at about $32,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.