Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in Gladstone Capital Co. (NASDAQ:GLAD) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,630 shares of the investment management company’s stock after selling 2,397 shares during the quarter. Denali Advisors LLC owned about 0.16% of Gladstone Capital worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Gladstone Capital in the third quarter worth $485,000. Fortress Financial Solutions LLC purchased a new stake in Gladstone Capital in the fourth quarter valued at $438,000. Kingsview Wealth Management LLC acquired a new stake in Gladstone Capital during the 4th quarter worth about $322,000. Atomi Financial Group Inc. purchased a new position in shares of Gladstone Capital during the 4th quarter valued at about $510,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Gladstone Capital by 2,305.0% in 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 buying an additional 368,546 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated 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 transaction, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.96% of the company’s stock.

Gladstone Capital Stock Up 0.3 %

Gladstone Capital stock opened at $28.47 on Thursday. The business’s 50-day moving average price is $28.90 and its 200 day moving average price is $26.12. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. The firm has a market cap of $635.74 million, a price-to-earnings ratio of 6.96 and a beta of 1.27. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last issued 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 10.00% and a net margin of 106.59%. As a group, sell-side analysts anticipate that Gladstone Capital Co. will post 2.03 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. Shareholders of record on Monday, January 27th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s dividend payout ratio (DPR) is currently 48.41%.

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.