Farther Finance Advisors LLC Purchases New Position in Gladstone Capital Co. (NASDAQ:GLAD)

Farther Finance Advisors LLC purchased a new position in Gladstone Capital Co. (NASDAQ:GLAD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,813 shares of the investment management company’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC grew 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 during the period. Legacy Capital Wealth Partners LLC purchased a new position in shares of Gladstone Capital during the 2nd quarter worth $1,723,000. TrueMark Investments LLC bought a new stake in Gladstone Capital during the second quarter valued at about $1,451,000. Good Life Advisors LLC grew its stake in shares of Gladstone Capital by 101.2% during the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after acquiring an additional 8,979 shares during the period. Finally, National Bank of Canada FI bought a new position in shares of Gladstone Capital in the second quarter worth approximately $98,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Gladstone Capital Stock Down 0.5 %

Shares of GLAD stock opened at $25.56 on Friday. The company’s fifty day simple moving average is $24.12 and its two-hundred day simple moving average is $23.29. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $27.81. The stock has a market cap of $555.93 million, a P/E ratio of 8.52 and a beta of 1.25. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.

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 given a $0.40 dividend. This is an increase from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date is Wednesday, December 4th. Gladstone Capital’s payout ratio is currently 66.00%.

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.