Gladstone Capital Corp. (GLAD) Declares Oct 16 Dividend of $0.07
Gladstone Capital Corp. (NASDAQ:GLAD) declared a oct 16 dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be given a dividend of 0.07 per share by the investment management company on Monday, October 31st. The ex-dividend date of this dividend is Wednesday, October 19th.
Gladstone Capital Corp. (NASDAQ:GLAD) traded down 0.61% on Tuesday, hitting $8.14. 84,585 shares of the stock traded hands. The stock has a 50-day moving average price of $8.30 and a 200 day moving average price of $7.73. Gladstone Capital Corp. has a 1-year low of $4.71 and a 1-year high of $9.09.
Gladstone Capital Corp. (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Gladstone Capital Corp. had a negative net margin of 35.47% and a positive return on equity of 10.58%. On average, analysts predict that Gladstone Capital Corp. will post $0.84 earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/gladstone-capital-corp-glad-declares-oct-16-dividend-of-0-07.html
A number of brokerages recently issued reports on GLAD. National Securities reiterated a “neutral” rating and issued a $7.00 price objective on shares of Gladstone Capital Corp. in a report on Friday, August 5th. Zacks Investment Research lowered shares of Gladstone Capital Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating, Gladstone Capital Corp. has a consensus rating of “Hold” and an average target price of $7.31.
In related news, President Robert L. Marcotte acquired 6,000 shares of the stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $8.52 per share, for a total transaction of $51,120.00. Following the purchase, the president now directly owns 290,758 shares of the company’s stock, valued at approximately $2,477,258.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Robert L. Marcotte acquired 8,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of $8.35 per share, with a total value of $66,800.00. Following the purchase, the president now directly owns 286,758 shares in the company, valued at $2,394,429.30. The disclosure for this purchase can be found here. Company insiders own 6.49% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Group LTD raised its stake in Gladstone Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 116,902 shares of the investment management company’s stock valued at $846,000 after buying an additional 14,874 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Gladstone Capital Corp. by 126.7% in the second quarter. Janney Montgomery Scott LLC now owns 49,466 shares of the investment management company’s stock valued at $358,000 after buying an additional 27,650 shares in the last quarter. Nuveen Fund Advisors LLC bought a new stake in Gladstone Capital Corp. during the second quarter valued at $385,000. Finally, Van ECK Associates Corp raised its stake in Gladstone Capital Corp. by 12.9% in the second quarter. Van ECK Associates Corp now owns 108,111 shares of the investment management company’s stock valued at $783,000 after buying an additional 12,335 shares in the last quarter. Institutional investors own 9.34% of the company’s stock.
About Gladstone Capital Corp.
Gladstone Capital Corporation is an externally managed, closed-end and non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that will provide earnings and cash flow to pay expenses, which make principal and interest payments on its indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it can grow over time to permit customers to sell its equity investments for capital gains.
Receive News & Ratings for Gladstone Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.