Gladstone Capital (NASDAQ:GLAD) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Gladstone Capital Co. (NASDAQ:GLAD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.92 and traded as high as $27.70. Gladstone Capital shares last traded at $27.46, with a volume of 118,028 shares changing hands.

Gladstone Capital Stock Down 0.5 %

The firm has a 50-day moving average price of $28.43 and a two-hundred day moving average price of $26.92. The firm has a market cap of $613.18 million, a price-to-earnings ratio of 6.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04.

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, sell-side analysts forecast that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Cuts Dividend

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

Institutional Trading of Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at approximately $840,000. Jane Street Group LLC purchased a new position in Gladstone Capital during the 3rd quarter worth $485,000. Atomi Financial Group Inc. acquired a new position in Gladstone Capital in the fourth quarter valued at $510,000. Fortress Financial Solutions LLC acquired a new position in Gladstone Capital in the fourth quarter valued at $438,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Gladstone Capital during the fourth quarter worth about $406,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.