Insider Buying: Gladstone Capital Corporation (GLAD) President Acquires 8,000 Shares of Stock

Gladstone Capital Corporation (NASDAQ:GLAD) President Robert L. Marcotte purchased 8,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $9.82 per share, with a total value of $78,560.00. Following the acquisition, the president now directly owns 381,770 shares of the company’s stock, valued at approximately $3,748,981.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gladstone Capital Corporation (NASDAQ:GLAD) traded down $0.10 during trading hours on Thursday, reaching $9.75. The company’s stock had a trading volume of 115,449 shares, compared to its average volume of 133,261. Gladstone Capital Corporation has a twelve month low of $8.05 and a twelve month high of $10.12. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $261.53, a price-to-earnings ratio of 11.69 and a beta of 1.23.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, November 20th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.94% and a net margin of 43.78%. The business had revenue of $10.83 million during the quarter, compared to analyst estimates of $10.72 million. equities analysts anticipate that Gladstone Capital Corporation will post 0.85 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date is Monday, December 18th. Gladstone Capital’s dividend payout ratio (DPR) is 125.37%.

Several research firms have issued reports on GLAD. National Securities reissued a “sell” rating and set a $8.00 price target on shares of Gladstone Capital in a report on Wednesday, November 22nd. Wedbush began coverage on Gladstone Capital in a report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price target for the company. BidaskClub raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Ladenburg Thalmann Financial Services began coverage on Gladstone Capital in a report on Friday, October 6th. They set a “neutral” rating for the company. Finally, Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Gladstone Capital currently has an average rating of “Hold” and an average price target of $9.16.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in shares of Gladstone Capital by 193.0% in the third quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after acquiring an additional 58,673 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Gladstone Capital by 68.5% in the third quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after acquiring an additional 17,709 shares during the period. OxFORD Asset Management LLP bought a new position in shares of Gladstone Capital in the third quarter worth about $151,000. JPMorgan Chase & Co. boosted its stake in shares of Gladstone Capital by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 87,117 shares of the investment management company’s stock worth $820,000 after acquiring an additional 7,586 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Gladstone Capital by 22.5% in the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after acquiring an additional 13,875 shares during the period. 14.45% of the stock is owned by hedge funds and other institutional investors.

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About Gladstone Capital

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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