Gladstone Capital (NASDAQ:GLAD) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Gladstone Capital Co. (NASDAQ:GLAD)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.29 and traded as high as $27.59. Gladstone Capital shares last traded at $26.84, with a volume of 106,651 shares.

Gladstone Capital Price Performance

The business’s 50 day simple moving average is $25.51 and its 200-day simple moving average is $27.29. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $599.34 million, a price-to-earnings ratio of 6.56 and a beta of 1.01.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, May 6th. The investment management company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. The company had revenue of $21.57 million during the quarter, compared to analyst estimates of $22.95 million. On average, research analysts forecast that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 22nd were issued a $0.165 dividend. This represents a dividend yield of 7.57%. The ex-dividend date was Wednesday, May 21st. Gladstone Capital’s dividend payout ratio (DPR) is currently 50.25%.

Institutional Investors Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently modified their holdings of GLAD. Goldman Sachs Group Inc. grew its position in Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 456 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Gladstone Capital by 3.7% in the first quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after purchasing an additional 534 shares during the last quarter. Private Trust Co. NA lifted its stake in Gladstone Capital by 65.9% in the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock worth $45,000 after acquiring an additional 625 shares during the period. Kovack Advisors Inc. lifted its stake in Gladstone Capital by 1.8% in the first quarter. Kovack Advisors Inc. now owns 38,561 shares of the investment management company’s stock worth $1,059,000 after acquiring an additional 669 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Gladstone Capital by 1.3% in the fourth quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock worth $3,215,000 after acquiring an additional 1,480 shares during the period. 10.72% of the stock is currently owned by institutional investors.

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.