20,176 Shares in Gladstone Capital Co. (NASDAQ:GLAD) Purchased by Jane Street Group LLC

Jane Street Group LLC purchased a new position in Gladstone Capital Co. (NASDAQ:GLAD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,176 shares of the investment management company’s stock, valued at approximately $485,000.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in Gladstone Capital by 2,305.0% in the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after purchasing an additional 368,546 shares in the last quarter. Van ECK Associates Corp bought a new stake in Gladstone Capital during the third quarter worth about $12,287,000. Farther Finance Advisors LLC bought a new stake in Gladstone Capital during the third quarter worth about $44,000. Good Life Advisors LLC grew its stake in Gladstone Capital by 101.2% during the third quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock worth $429,000 after buying an additional 8,979 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Gladstone Capital during the second quarter worth about $32,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Insider Activity

In other news, President Bob Marcotte sold 15,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.96% of the stock is owned by insiders.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock opened at $28.98 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $647.12 million, a price-to-earnings ratio of 7.63 and a beta of 1.27. Gladstone Capital Co. has a 1-year low of $19.20 and a 1-year high of $29.48. The firm’s 50-day moving average price is $26.82 and its two-hundred day moving average price is $24.68.

Gladstone Capital Increases Dividend

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

Analysts Set New Price Targets

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