Gladstone Capital Corporation (GLAD) Plans Monthly Dividend of $0.07
Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.07 per share by the investment management company on Friday, December 29th. This represents a $0.84 annualized dividend and a dividend yield of 8.78%. The ex-dividend date is Monday, December 18th.
Shares of Gladstone Capital Corporation (NASDAQ GLAD) remained flat at $9.57 during trading on Wednesday. 93,793 shares of the company traded hands. The stock’s 50-day moving average price is $9.29 and its 200-day moving average price is $9.65. Gladstone Capital Corporation has a 12 month low of $7.33 and a 12 month high of $10.12.
Gladstone Capital Corporation (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. The company had revenue of $9.63 million during the quarter, compared to analyst estimates of $10.30 million. Equities analysts expect that Gladstone Capital Corporation will post $0.80 EPS for the current year.
A number of research firms have recently commented on GLAD. BidaskClub lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. National Securities restated a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital Corporation in a research report on Monday, August 7th. Wedbush began coverage on shares of Gladstone Capital Corporation in a research report on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective for the company. Finally, Ladenburg Thalmann Financial Services began coverage on shares of Gladstone Capital Corporation in a research report on Friday, October 6th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Gladstone Capital Corporation has a consensus rating of “Hold” and a consensus target price of $9.16.
In related news, President Robert L. Marcotte bought 4,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was acquired at an average cost of $9.22 per share, for a total transaction of $36,880.00. Following the completion of the transaction, the president now directly owns 370,720 shares in the company, valued at approximately $3,418,038.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.45% of the company’s stock.
Gladstone Capital Corporation Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding 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 believes can grow over time to permit it to sell its equity investments for capital gains.
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