15,391 Shares in Gladstone Capital Co. (NASDAQ:GLAD) Acquired by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC purchased a new stake in shares of Gladstone Capital Co. (NASDAQ:GLAD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,391 shares of the investment management company’s stock, valued at approximately $438,000. Fortress Financial Solutions LLC owned approximately 0.07% of Gladstone Capital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GLAD. Jane Street Group LLC acquired a new position in shares of Gladstone Capital in the 3rd quarter valued at $485,000. International Assets Investment Management LLC grew its stake in Gladstone Capital by 2,305.0% during the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after purchasing an additional 368,546 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Gladstone Capital in the fourth quarter valued at about $510,000. Van ECK Associates Corp purchased a new position in shares of Gladstone Capital in the third quarter worth about $12,287,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Gladstone Capital during the third quarter worth about $44,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price target on the stock.

Gladstone Capital Trading Down 2.1 %

NASDAQ GLAD opened at $28.09 on Wednesday. Gladstone Capital Co. has a 1 year low of $19.20 and a 1 year high of $30.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $627.25 million, a PE ratio of 7.39 and a beta of 1.27. The company has a fifty day moving average of $28.58 and a 200 day moving average of $25.70.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a net margin of 97.81% and a return on equity of 10.48%. Research analysts forecast that Gladstone Capital Co. will post 2.04 earnings per share for the current year.

Gladstone Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s payout ratio is 52.11%.

Insider Activity

In other news, President Bob Marcotte sold 15,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.96% of the company’s stock.

Gladstone Capital Profile

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.