Jane Street Group LLC Takes $485,000 Position in Gladstone Capital Co. (NASDAQ:GLAD)

Jane Street Group LLC purchased a new position in Gladstone Capital Co. (NASDAQ:GLAD) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,176 shares of the investment management company’s stock, valued at approximately $485,000. Jane Street Group LLC owned approximately 0.09% of Gladstone Capital at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Van ECK Associates Corp acquired a new stake in shares of Gladstone Capital in the third quarter worth $12,287,000. International Assets Investment Management LLC boosted its holdings in Gladstone Capital by 2,305.0% in the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after purchasing an additional 368,546 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Gladstone Capital by 8.7% in the third quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock worth $2,683,000 after purchasing an additional 8,891 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in Gladstone Capital by 2.0% in the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after purchasing an additional 702 shares in the last quarter. Finally, Good Life Advisors LLC boosted its holdings in Gladstone Capital by 101.2% in the third quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock worth $429,000 after purchasing an additional 8,979 shares in the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Gladstone Capital in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price for the company.

Gladstone Capital Stock Down 0.3 %

Gladstone Capital stock opened at $28.98 on Tuesday. The firm has a market cap of $647.12 million, a price-to-earnings ratio of 7.63 and a beta of 1.27. 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 Co. has a fifty-two week low of $19.20 and a fifty-two week high of $29.48. The firm has a fifty day moving average price of $26.82 and a two-hundred day moving average price of $24.68.

Gladstone Capital Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio is currently 52.11%.

Insider Activity

In other news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the transaction, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is owned by company insiders.

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.