Cambridge Investment Research Advisors Inc. Increases Holdings in Gladstone Capital Corporation (NASDAQ:GLAD)

Cambridge Investment Research Advisors Inc. lifted its position in Gladstone Capital Corporation (NASDAQ:GLAD) by 44.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,035 shares of the investment management company’s stock after purchasing an additional 4,293 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.06% of Gladstone Capital worth $385,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GLAD. Raymond James Financial Inc. purchased a new stake in shares of Gladstone Capital in the fourth quarter valued at approximately $840,000. LPL Financial LLC lifted its holdings in Gladstone Capital by 8.5% during the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company’s stock worth $4,396,000 after buying an additional 12,064 shares during the period. DnB Asset Management AS lifted its holdings in Gladstone Capital by 5.4% during the fourth quarter. DnB Asset Management AS now owns 116,143 shares of the investment management company’s stock worth $3,303,000 after buying an additional 5,903 shares during the period. Wedbush Securities Inc. purchased a new stake in Gladstone Capital during the fourth quarter worth $209,000. Finally, XTX Topco Ltd purchased a new stake in Gladstone Capital during the fourth quarter worth $241,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Up 1.4%

Gladstone Capital stock opened at $28.32 on Friday. The business has a fifty day moving average of $26.62 and a two-hundred day moving average of $27.23. 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 firm has a market cap of $632.39 million, a P/E ratio of 7.19 and a beta of 0.99. 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 data on Tuesday, May 6th. The investment management company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.85% and a net margin of 93.42%. The firm had revenue of $21.57 million during the quarter, compared to analyst estimates of $22.95 million. On average, analysts forecast that Gladstone Capital Corporation will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a dividend yield of 7.57%. Gladstone Capital’s dividend payout ratio is presently 50.25%.

Analysts Set New Price Targets

Separately, B. Riley upgraded Gladstone Capital to a “hold” rating in a 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.