Gladstone Capital (NASDAQ:GLAD) Stock Price Passes Above 200 Day Moving Average of $21.16

Gladstone Capital Co. (NASDAQ:GLADGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.16 and traded as high as $22.72. Gladstone Capital shares last traded at $22.58, with a volume of 76,565 shares.

Analyst Ratings Changes

Separately, upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, May 9th.

Check Out Our Latest Stock Analysis on GLAD

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05. The stock’s 50-day moving average is $21.53 and its two-hundred day moving average is $21.16. The stock has a market cap of $491.21 million, a PE ratio of 8.18 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLADGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31). Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $24.08 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts predict that Gladstone Capital Co. will post 2.11 earnings per share for the current year.

Gladstone Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.98 annualized dividend and a dividend yield of 8.77%. Gladstone Capital’s dividend payout ratio is presently 71.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd grew its stake in shares of Gladstone Capital by 841.0% in the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 166,935 shares in the last quarter. LPL Financial LLC increased its holdings in Gladstone Capital by 4.3% during the 3rd quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 15,119 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in Gladstone Capital in the 3rd quarter valued at about $881,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Gladstone Capital in the 3rd quarter valued at about $138,000. Finally, Trexquant Investment LP grew its position in shares of Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock worth $633,000 after buying an additional 49,127 shares in the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

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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