Gladstone Capital (NASDAQ:GLAD) Reaches New 52-Week High – Should You Buy?

Gladstone Capital Co. (NASDAQ:GLAD) shares reached a new 52-week high on Wednesday . The company traded as high as $27.87 and last traded at $27.87, with a volume of 30736 shares. The stock had previously closed at $27.29.

Analyst Upgrades and Downgrades

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

Gladstone Capital Trading Up 1.4 %

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 firm’s 50-day simple moving average is $24.72 and its 200 day simple moving average is $23.59. The stock has a market capitalization of $617.87 million, a P/E ratio of 7.18 and a beta of 1.25.

Gladstone Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio is 52.11%.

Institutional Trading of Gladstone Capital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Gladstone Capital during the 3rd quarter valued at $485,000. Quantbot Technologies LP acquired a new stake in shares of Gladstone Capital in the 3rd quarter valued at $105,000. D.A. Davidson & CO. boosted its stake in shares of Gladstone Capital by 8.7% during the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock worth $2,683,000 after acquiring an additional 8,891 shares in the last quarter. Kovack Advisors Inc. raised its stake in shares of Gladstone Capital by 2.0% in the 3rd quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock valued at $863,000 after acquiring an additional 702 shares in the last quarter. Finally, PFS Partners LLC boosted its position in Gladstone Capital by 156.0% during the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.