Gladstone Capital (NASDAQ:GLAD) Hits New 1-Year High – What’s Next?

Shares of Gladstone Capital Co. (NASDAQ:GLAD) reached a new 52-week high on Tuesday . The stock traded as high as $28.60 and last traded at $28.46, with a volume of 23038 shares trading hands. The stock had previously closed at $28.32.

Analyst Upgrades and Downgrades

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

Gladstone Capital Price Performance

The company has a market cap of $635.07 million, a PE ratio of 7.48 and a beta of 1.28. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $24.53.

Gladstone Capital Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s payout ratio is 52.11%.

Insider Buying and Selling at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the transaction, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 4.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of Gladstone Capital in the 3rd quarter valued at approximately $485,000. Quantbot Technologies LP acquired a new position in Gladstone Capital during the 3rd quarter valued at approximately $105,000. D.A. Davidson & CO. raised its holdings in shares of Gladstone Capital by 8.7% in the third quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock worth $2,683,000 after buying an additional 8,891 shares during the last quarter. Kovack Advisors Inc. lifted its stake in shares of Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after buying an additional 702 shares during the period. Finally, PFS Partners LLC grew its holdings in shares of Gladstone Capital by 156.0% during the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds 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.