Short Interest in Gladstone Capital Corporation (NASDAQ:GLAD) Increases By 22.4%

Gladstone Capital Corporation (NASDAQ:GLAD) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 451,393 shares, an increase of 22.4% from the December 31st total of 368,715 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 167,441 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 167,441 shares, the short-interest ratio is presently 2.7 days. Currently, 2.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

GLAD has been the topic of a number of research reports. B. Riley raised Gladstone Capital from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $27.00 to $22.00 in a research note on Wednesday, November 19th. Oppenheimer raised shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $26.00 to $22.00 in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gladstone Capital has an average rating of “Hold” and an average target price of $22.00.

Gladstone Capital Trading Up 2.1%

NASDAQ:GLAD opened at $20.44 on Thursday. The firm has a 50 day moving average of $20.82 and a 200-day moving average of $22.36. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $29.54. The stock has a market capitalization of $461.74 million, a P/E ratio of 7.98 and a beta of 0.94.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%.The business had revenue of $23.94 million for the quarter, compared to analysts’ expectations of $22.72 million. As a group, analysts forecast that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 8.8%. Gladstone Capital’s payout ratio is presently 70.31%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC lifted its holdings in shares of Gladstone Capital by 13.5% in the second quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock worth $228,000 after acquiring an additional 1,008 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Gladstone Capital by 238.1% during the third quarter. Quantbot Technologies LP now owns 14,444 shares of the investment management company’s stock worth $316,000 after purchasing an additional 10,172 shares during the period. Kovack Advisors Inc. raised its position in Gladstone Capital by 6.6% during the 3rd quarter. Kovack Advisors Inc. now owns 41,017 shares of the investment management company’s stock worth $897,000 after purchasing an additional 2,538 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Gladstone Capital by 11.7% in the third quarter. Advisors Asset Management Inc. now owns 63,182 shares of the investment management company’s stock worth $1,382,000 after acquiring an additional 6,622 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Gladstone Capital during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.