Gladstone Capital Co. (NASDAQ:GLAD – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.46 and traded as high as $24.16. Gladstone Capital shares last traded at $23.95, with a volume of 73,153 shares traded.
Gladstone Capital Stock Performance
The firm has a market cap of $525.14 million, a PE ratio of 8.72 and a beta of 1.26. The company has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $22.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.02.
Gladstone Capital (NASDAQ:GLAD – Get Free Report) last issued its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The business had revenue of $25.69 million during the quarter, compared to analyst estimates of $24.69 million. As a group, equities research analysts anticipate that Gladstone Capital Co. will post 2.14 EPS for the current year.
Gladstone Capital Announces Dividend
Hedge Funds Weigh In On Gladstone Capital
Hedge funds and other institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Capital during the second quarter valued at approximately $32,000. nVerses Capital LLC bought a new position in shares of Gladstone Capital during the second quarter valued at approximately $37,000. National Bank of Canada FI bought a new position in shares of Gladstone Capital during the second quarter valued at approximately $98,000. Creekmur Asset Management LLC bought a new position in shares of Gladstone Capital during the fourth quarter valued at approximately $67,000. Finally, Register Financial Advisors LLC bought a new position in Gladstone Capital in the first quarter worth $69,000. Institutional investors own 10.72% of the company’s stock.
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.
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