Gladstone Capital (NASDAQ:GLAD) Stock Price Crosses Above 200-Day Moving Average of $21.36

Gladstone Capital Co. (NASDAQ:GLAD)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.36 and traded as high as $22.99. Gladstone Capital shares last traded at $22.98, with a volume of 88,187 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $499.82 million, a price-to-earnings ratio of 8.33 and a beta of 1.25. The business’s 50-day simple moving average is $22.16 and its two-hundred day simple moving average is $21.36.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.31). The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.08 million. Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. During the same period in the previous year, the business posted $0.52 EPS. Research analysts expect that Gladstone Capital Co. will post 2.11 earnings per share for the current year.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is presently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

A number of large investors have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in Gladstone Capital by 4.3% in the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 15,119 shares during the period. International Assets Investment Management LLC grew its holdings in Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after purchasing an additional 319,081 shares during the period. Advisors Asset Management Inc. grew its holdings in Gladstone Capital by 8.8% in the third quarter. Advisors Asset Management Inc. now owns 334,461 shares of the investment management company’s stock worth $3,224,000 after purchasing an additional 27,084 shares during the period. Quadrature Capital Ltd grew its holdings in Gladstone Capital by 841.0% in the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after purchasing an additional 166,935 shares during the period. Finally, DNB Asset Management AS grew its holdings in Gladstone Capital by 12.3% in the fourth quarter. DNB Asset Management AS now owns 149,694 shares of the investment management company’s stock worth $1,602,000 after purchasing an additional 16,391 shares during the period. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Company 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.