Farther Finance Advisors LLC Has $94,000 Position in Gladstone Capital Corporation (NASDAQ:GLAD)

Farther Finance Advisors LLC raised its holdings in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 78.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,409 shares of the investment management company’s stock after purchasing an additional 1,496 shares during the quarter. Farther Finance Advisors LLC’s holdings in Gladstone Capital were worth $94,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Gladstone Capital in the fourth quarter valued at approximately $840,000. LPL Financial LLC raised its position in Gladstone Capital by 8.5% in the 4th quarter. LPL Financial LLC now owns 154,580 shares of the investment management company’s stock valued at $4,396,000 after buying an additional 12,064 shares during the last quarter. Northern Trust Corp lifted its stake in Gladstone Capital by 12.1% during the 4th quarter. Northern Trust Corp now owns 25,023 shares of the investment management company’s stock valued at $712,000 after acquiring an additional 2,699 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Gladstone Capital during the 4th quarter worth $406,000. Finally, Private Trust Co. NA boosted its holdings in Gladstone Capital by 65.9% during the 4th 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 last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Price Performance

Shares of NASDAQ GLAD opened at $26.53 on Friday. The company has a market capitalization of $592.41 million, a PE ratio of 6.73 and a beta of 1.01. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average price is $25.97 and its 200-day moving average price is $27.25. Gladstone Capital Corporation has a twelve month low of $21.40 and a twelve month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $21.57 million for the quarter, compared to analyst estimates of $22.95 million. Gladstone Capital had a return on equity of 9.85% and a net margin of 93.42%. On average, equities analysts anticipate that Gladstone Capital Corporation will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

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%.

Wall Street Analyst Weigh In

Separately, B. Riley raised shares of Gladstone Capital to a “hold” rating in a research report on Monday, June 16th.

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.