Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 8.2% in August
Gladstone Capital Co. (NASDAQ: GLAD – Get a rating) saw a sharp drop in short-term interest during August. As of August 15, there was short interest totaling 615,200 shares, down 8.2% from the July 31 total of 670,000 shares. Currently, 1.9% of the stock’s shares are sold short. Based on an average daily trading volume of 180,800 shares, the day-to-cover ratio is currently 3.4 days.
Hedge funds weigh on Gladstone Capital
A number of hedge funds and other institutional investors have recently changed their positions in GLAD. JPMorgan Chase & Co. bought a new position in shares of Gladstone Capital during the second quarter worth about $36,000. BNP Paribas Arbitrage SA increased its stake in Gladstone Capital by 230.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,300 shares in the investment management company worth $51,000 after purchasing an additional 2,999 shares during the period. Captrust Financial Advisors bought a new stake in Gladstone Capital in the second quarter worth $95,000. Private Advisor Group LLC increased its stake in Gladstone Capital by 9.5% in the first quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management firm worth $135,000 after purchasing an additional 1,000 shares during the period. Finally, Blair William & Co. IL bought a new stake in Gladstone Capital in the first quarter worth $136,000. Institutional investors hold 10.89% of the company’s shares.
Analyst upgrades and downgrades
GLAD has been the subject of a number of recent research reports. TheStreet downgraded Gladstone Capital from a ‘b’ to a ‘c+’ rating in a research report on Wednesday August 17. StockNews.com upgraded Gladstone Capital from a “sell” to a “hold” rating in a Monday, August 15 research report. Finally, Janney Montgomery Scott began covering Gladstone Capital in a research report on Tuesday, July 12. They issued a “neutral” rating for the company.
Performance of Gladstone Capital shares
GLAD shares opened at $10.07 on Thursday. The company has a debt ratio of 0.26, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a fifty-two week low of $9.43 and a fifty-two week high of $12.78. The stock has a 50-day moving average price of $10.46 and a 200-day moving average price of $11.07. The company has a market capitalization of $345.44 million, a P/E ratio of 7.14 and a beta of 1.27.
Gladstone Capital (NASDAQ: GLAD- Get a rating) last reported quarterly earnings data on Wednesday, July 27. The investment management firm reported earnings per share of $0.20 for the quarter, matching the consensus estimate of $0.20. The company posted revenue of $13.78 million in the quarter, versus a consensus estimate of $15.01 million. Gladstone Capital had a return on equity of 9.88% and a net margin of 77.23%. Analysts expect Gladstone Capital to post earnings per share of 0.93 for the current year.
Gladstone Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, September 30. Investors of record on Thursday, September 22 will receive a dividend of $0.0675 per share. The ex-dividend date is Wednesday, September 21. This represents a dividend of $0.81 on an annualized basis and a dividend yield of 8.04%. Gladstone Capital’s dividend payout ratio is currently 57.45%.
About Gladstone Capital
Gladstone Capital Corporation is a business development firm specializing in lower middle market, growth capital, add-on acquisitions, change of control, buy and build strategies, debt refinancing, equity investments first lien term loans, revolving loans, first and second lien secured 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.
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