Good Life Advisors LLC Grows Stock Position in Gladstone Capital Co. (NASDAQ:GLAD)

Good Life Advisors LLC increased its holdings in Gladstone Capital Co. (NASDAQ:GLAD) by 101.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,850 shares of the investment management company’s stock after acquiring an additional 8,979 shares during the period. Good Life Advisors LLC owned approximately 0.08% of Gladstone Capital worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new position in Gladstone Capital during the second quarter worth about $32,000. nVerses Capital LLC acquired a new stake in Gladstone Capital in the 2nd quarter valued at approximately $37,000. National Bank of Canada FI purchased a new stake in Gladstone Capital in the second quarter valued at approximately $98,000. Register Financial Advisors LLC acquired a new position in Gladstone Capital during the first quarter worth $69,000. Finally, Atomi Financial Group Inc. boosted its position in shares of Gladstone Capital by 10.4% during the first quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after buying an additional 2,612 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Price Performance

GLAD stock opened at $24.91 on Friday. The business’s fifty day moving average price is $23.38 and its 200 day moving average price is $22.75. Gladstone Capital Co. has a 12-month low of $18.56 and a 12-month high of $25.15. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $541.89 million, a PE ratio of 9.03 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $25.69 million for 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%. On average, sell-side analysts anticipate that Gladstone Capital Co. will post 2.14 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a yield of 7.95%. Gladstone Capital’s dividend payout ratio (DPR) is presently 71.74%.

About Gladstone Capital

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.