Cetera Investment Advisers Grows Stake in Gladstone Capital Corporation $GLAD

Cetera Investment Advisers grew its position in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,832 shares of the investment management company’s stock after purchasing an additional 534 shares during the period. Cetera Investment Advisers owned approximately 0.07% of Gladstone Capital worth $407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GLAD. Farther Finance Advisors LLC grew its position in shares of Gladstone Capital by 78.2% during the 1st quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 1,496 shares in the last quarter. MQS Management LLC purchased a new position in shares of Gladstone Capital during the 1st quarter valued at $223,000. XTX Topco Ltd purchased a new position in shares of Gladstone Capital during the 4th quarter valued at $241,000. Aquatic Capital Management LLC purchased a new position in shares of Gladstone Capital during the 4th quarter valued at $246,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Gladstone Capital by 44.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,035 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 4,293 shares in the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Stock Down 0.2%

Shares of NASDAQ:GLAD opened at $26.93 on Tuesday. Gladstone Capital Corporation has a 52-week low of $21.96 and a 52-week high of $30.43. The firm has a fifty day moving average of $27.52 and a 200 day moving average of $26.98. The firm has a market capitalization of $601.35 million, a PE ratio of 7.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, August 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Gladstone Capital had a net margin of 84.60% and a return on equity of 9.43%. The company had revenue of $21.66 million during the quarter, compared to analyst estimates of $21.93 million. As a group, research analysts anticipate that Gladstone Capital Corporation will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd were given a $0.165 dividend. The ex-dividend date was Monday, July 21st. This represents a yield of 685.0%. Gladstone Capital’s payout ratio is 58.41%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GLAD. Oppenheimer boosted their price target on shares of Gladstone Capital from $24.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. B. Riley raised shares of Gladstone Capital to a “hold” rating in a report on Monday, June 16th. Finally, LADENBURG THALM/SH SH upgraded shares of Gladstone Capital to a “hold” rating in a research report on Wednesday, August 6th.

Gladstone Capital 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.