International Assets Investment Management LLC Increases Stake in Gladstone Capital Co. (NASDAQ:GLAD)

International Assets Investment Management LLC increased its holdings in Gladstone Capital Co. (NASDAQ:GLAD) by 2,305.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 384,535 shares of the investment management company’s stock after purchasing an additional 368,546 shares during the period. International Assets Investment Management LLC owned approximately 1.77% of Gladstone Capital worth $9,248,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Good Life Advisors LLC boosted its position in Gladstone Capital by 101.2% during the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after buying an additional 8,979 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Capital during the 2nd quarter valued at $32,000. National Bank of Canada FI purchased a new stake in Gladstone Capital during the 2nd quarter valued at $98,000. Legacy Capital Wealth Partners LLC purchased a new stake in Gladstone Capital during the 2nd quarter valued at $1,723,000. Finally, nVerses Capital LLC purchased a new stake in Gladstone Capital during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of Gladstone Capital in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target for the company.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock opened at $24.20 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.02. The company has a 50-day moving average of $23.60 and a 200 day moving average of $23.00. The firm has a market cap of $526.45 million, a price-to-earnings ratio of 8.77 and a beta of 1.26. Gladstone Capital Co. has a 1 year low of $18.94 and a 1 year high of $25.29.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $25.69 million during the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. As a group, sell-side analysts anticipate that Gladstone Capital Co. will post 2.14 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.165 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.18%. Gladstone Capital’s dividend payout ratio is presently 71.74%.

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.