Gladstone Capital Corporation $GLAD Stake Increased by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its stake in Gladstone Capital Corporation (NASDAQ:GLAD) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,455 shares of the investment management company’s stock after buying an additional 1,008 shares during the period. Belpointe Asset Management LLC’s holdings in Gladstone Capital were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLAD. Quantbot Technologies LP bought a new stake in shares of Gladstone Capital in the first quarter worth $77,000. Farther Finance Advisors LLC increased its stake in Gladstone Capital by 78.2% during the first 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 during the last quarter. Focus Partners Wealth bought a new stake in Gladstone Capital during the first quarter valued at $220,000. MQS Management LLC acquired a new stake in shares of Gladstone Capital during the first quarter worth $223,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Gladstone Capital during the first quarter worth $363,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Down 2.1%

GLAD stock opened at $19.31 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.06. Gladstone Capital Corporation has a fifty-two week low of $19.29 and a fifty-two week high of $30.43. The firm’s 50-day simple moving average is $24.53 and its 200 day simple moving average is $25.82. The stock has a market cap of $431.19 million, a PE ratio of 5.70 and a beta of 0.99.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Gladstone Capital had a net margin of 84.60% and a return on equity of 9.43%. The business had revenue of $21.66 million for the quarter, compared to analysts’ expectations of $21.93 million. As a group, sell-side analysts predict that Gladstone Capital Corporation will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 23rd were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 23rd. Gladstone Capital’s payout ratio is 58.41%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GLAD. LADENBURG THALM/SH SH raised shares of Gladstone Capital to a “hold” rating in a report on Wednesday, August 6th. Oppenheimer increased their target price on shares of Gladstone Capital from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Gladstone Capital in a report on Saturday, September 27th. Finally, B. Riley raised shares of Gladstone Capital to a “hold” rating in a report on Monday, June 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.50.

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.