Gladstone Capital Co. (NASDAQ:GLAD) to Issue Monthly Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, February 28th. This represents a $1.98 annualized dividend and a dividend yield of 6.78%. The ex-dividend date is Wednesday, February 19th.

Gladstone Capital has raised its dividend payment by an average of 8.3% annually over the last three years. Gladstone Capital has a payout ratio of 97.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Gladstone Capital to earn $2.04 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.1%.

Gladstone Capital Trading Up 2.9 %

Shares of Gladstone Capital stock opened at $29.22 on Monday. The firm has a market cap of $652.48 million, a PE ratio of 7.69 and a beta of 1.27. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $28.69 and its two-hundred day moving average is $25.80. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43.

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

Insider Activity at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on Gladstone Capital in a report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price objective for the company.

Gladstone Capital Company 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.