Gladstone Capital (NASDAQ:GLAD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Gladstone Capital Co. (NASDAQ:GLAD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.46 and traded as high as $26.99. Gladstone Capital shares last traded at $26.43, with a volume of 80,166 shares trading hands.

Gladstone Capital Stock Performance

The company has a market cap of $590.18 million, a PE ratio of 6.46 and a beta of 1.25. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $28.84 and its two-hundred day moving average is $26.46.

Gladstone Capital (NASDAQ:GLAD) last released 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 return on equity of 10.00% and a net margin of 106.59%. On average, equities research analysts anticipate that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date was Friday, January 24th. Gladstone Capital’s payout ratio is currently 48.41%.

Institutional Trading of Gladstone Capital

Several hedge funds have recently modified their holdings of GLAD. Jane Street Group LLC bought a new stake in Gladstone Capital during the third quarter worth approximately $485,000. Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital during the 4th quarter valued at approximately $438,000. Kingsview Wealth Management LLC purchased a new stake in Gladstone Capital during the 4th quarter valued at $322,000. Atomi Financial Group Inc. purchased a new stake in Gladstone Capital during the 4th quarter valued at $510,000. Finally, Farther Finance Advisors LLC bought a new stake in Gladstone Capital in the third quarter worth $44,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

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.