Gladstone Capital (NASDAQ:GLAD) Shares Pass Above Two Hundred Day Moving Average of $20.75

Gladstone Capital Co. (NASDAQ:GLAD) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.75 and traded as high as $22.24. Gladstone Capital shares last traded at $22.20, with a volume of 116,608 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday.

Gladstone Capital Trading Up 0.8 %

The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The company has a market cap of $482.94 million, a price-to-earnings ratio of 8.04 and a beta of 1.23. The business has a fifty day simple moving average of $20.88 and a 200 day simple moving average of $20.75.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. The company had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $24.08 million. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts anticipate that Gladstone Capital Co. will post 2.17 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Hedge Funds Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in shares of Gladstone Capital in the fourth quarter valued at $67,000. Register Financial Advisors LLC purchased a new position in Gladstone Capital during the 1st quarter valued at about $69,000. Prime Capital Investment Advisors LLC acquired a new position in Gladstone Capital during the third quarter worth about $102,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gladstone Capital during the third quarter worth about $138,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Gladstone Capital in the fourth quarter valued at about $146,000. 10.72% of the stock is owned by institutional investors and hedge funds.

About Gladstone Capital

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.