Short Interest in Gladstone Capital Co. (NASDAQ:GLAD) Grows By 24.5%

Gladstone Capital Co. (NASDAQ:GLADGet Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 393,400 shares, a growth of 24.5% from the March 31st total of 316,000 shares. Based on an average daily volume of 149,200 shares, the short-interest ratio is presently 2.6 days. Approximately 1.2% of the shares of the stock are sold short.

Shares of GLAD opened at $11.43 on Tuesday. The stock has a market cap of $392.05 million, a P/E ratio of 4.55, a PEG ratio of 2.72 and a beta of 1.29. The company has a 50-day moving average of $11.63 and a two-hundred day moving average of $11.50. Gladstone Capital has a 12-month low of $9.92 and a 12-month high of $12.78.

Gladstone Capital (NASDAQ:GLADGet Rating) last announced its earnings results on Wednesday, February 2nd. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $16.17 million during the quarter, compared to analysts’ expectations of $14.34 million. Gladstone Capital had a net margin of 147.34% and a return on equity of 9.62%. During the same quarter in the previous year, the business posted $0.20 earnings per share. Research analysts predict that Gladstone Capital will post 0.86 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be given a dividend of $0.0675 per share. This represents a $0.81 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Tuesday, June 21st. Gladstone Capital’s payout ratio is currently 32.27%.

Several large investors have recently bought and sold shares of GLAD. Van ECK Associates Corp raised its position in shares of Gladstone Capital by 7.5% in the fourth quarter. Van ECK Associates Corp now owns 555,793 shares of the investment management company’s stock valued at $6,442,000 after buying an additional 38,705 shares during the last quarter. BlackRock Inc. raised its position in shares of Gladstone Capital by 15.1% in the third quarter. BlackRock Inc. now owns 218,414 shares of the investment management company’s stock valued at $2,468,000 after buying an additional 28,687 shares during the last quarter. Morgan Stanley raised its position in shares of Gladstone Capital by 15.3% in the second quarter. Morgan Stanley now owns 210,688 shares of the investment management company’s stock valued at $2,408,000 after buying an additional 27,908 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Gladstone Capital by 7.1% in the fourth quarter. Advisors Asset Management Inc. now owns 337,745 shares of the investment management company’s stock valued at $3,914,000 after buying an additional 22,357 shares during the last quarter. Finally, Claraphi Advisory Network LLC acquired a new position in shares of Gladstone Capital in the third quarter valued at approximately $251,000. 10.38% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. StockNews.com assumed coverage on shares of Gladstone Capital in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James assumed coverage on shares of Gladstone Capital in a research note on Wednesday, April 6th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research cut shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th.

About Gladstone Capital (Get Rating)

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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