Gladstone Capital (NASDAQ:GLAD) Sets New 12-Month High – Time to Buy?

by · The Cerbat Gem

Shares of Gladstone Capital Co. (NASDAQ:GLAD – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $25.20 and last traded at $25.05, with a volume of 29085 shares trading hands. The stock had previously closed at $24.91.

Gladstone Capital Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02. The firm has a market capitalization of $547.77 million, a price-to-earnings ratio of 9.03 and a beta of 1.26. The stock’s fifty day moving average is $23.38 and its two-hundred day moving average is $22.79.

Gladstone Capital (NASDAQ:GLAD – Get Free Report) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. Analysts forecast that Gladstone Capital Co. will post 2.14 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.165 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 7.86%. Gladstone Capital’s dividend payout ratio (DPR) is presently 71.74%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new position in shares of Gladstone Capital during the first quarter worth about $69,000. Kovack Advisors Inc. grew its position in shares of Gladstone Capital by 1.2% in the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after acquiring an additional 856 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Gladstone Capital by 10.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after acquiring an additional 2,612 shares in the last quarter. TrueMark Investments LLC bought a new stake in shares of Gladstone Capital in the 2nd quarter valued at approximately $1,451,000. Finally, nVerses Capital LLC acquired a new stake in shares of Gladstone Capital during the 2nd quarter valued at approximately $37,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Company Profile

(Get Free Report)

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.

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