Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 75.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,527 shares of the investment management company’s stock after selling 381,540 shares during the quarter. Van ECK Associates Corp owned approximately 0.56% of Gladstone Capital worth $3,542,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Gladstone Capital during the third quarter worth about $485,000. Fortress Financial Solutions LLC purchased a new stake in shares of Gladstone Capital during the fourth quarter worth $438,000. Atomi Financial Group Inc. purchased a new position in shares of Gladstone Capital in the 4th quarter valued at about $510,000. International Assets Investment Management LLC increased its position in shares of Gladstone Capital by 2,305.0% in the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after purchasing an additional 368,546 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in Gladstone Capital during the 4th quarter worth about $322,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value 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. The trade was a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.96% of the company’s stock.

Gladstone Capital Stock Down 0.3 %

GLAD opened at $29.25 on Thursday. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $30.43. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $28.80 and a two-hundred day moving average price of $25.91. The company has a market cap of $653.15 million, a PE ratio of 7.15 and a beta of 1.27.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. As a group, research analysts anticipate that Gladstone Capital Co. will post 2.04 EPS for the current year.

Gladstone Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.165 dividend. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio is currently 48.41%.

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.