XML Financial LLC Sells 8,686 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

XML Financial LLC decreased its position in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 48.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the investment management company’s stock after selling 8,686 shares during the quarter. XML Financial LLC’s holdings in Gladstone Capital were worth $212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC bought a new position in Gladstone Capital in the fourth quarter valued at approximately $67,000. Register Financial Advisors LLC bought a new position in Gladstone Capital in the first quarter valued at approximately $69,000. Raymond James Financial Services Advisors Inc. bought a new position in Gladstone Capital in the fourth quarter valued at approximately $146,000. Eagle Global Advisors LLC lifted its stake in Gladstone Capital by 15.4% in the fourth quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after buying an additional 2,150 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in Gladstone Capital by 9.1% in the fourth quarter. Private Advisor Group LLC now owns 19,583 shares of the investment management company’s stock valued at $210,000 after buying an additional 1,639 shares in the last quarter. Institutional investors own 10.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

Gladstone Capital Stock Performance

GLAD stock traded down $0.47 during midday trading on Wednesday, reaching $22.51. 194,042 shares of the company were exchanged, compared to its average volume of 130,256. The firm has a market capitalization of $489.68 million, a price-to-earnings ratio of 8.16 and a beta of 1.26. The business has a 50-day moving average price of $23.33 and a two-hundred day moving average price of $21.89. Gladstone Capital Co. has a one year low of $18.40 and a one year high of $24.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Capital’s dividend payout ratio is 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.