Gladstone Capital Co. (NASDAQ:GLAD) President Sells $423,925.00 in Stock

Gladstone Capital Co. (NASDAQ:GLAD) President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were 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 $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gladstone Capital Price Performance

GLAD opened at $27.54 on Friday. Gladstone Capital Co. has a 1 year low of $19.20 and a 1 year high of $28.09. The company’s 50 day simple moving average is $25.61 and its 200 day simple moving average is $24.00. The stock has a market capitalization of $614.97 million, a PE ratio of 7.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio (DPR) is 52.11%.

Wall Street Analyst Weigh In

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

Institutional Trading of Gladstone Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Gladstone Capital in the third quarter valued at $485,000. Quantbot Technologies LP acquired a new position in shares of Gladstone Capital in the 3rd quarter valued at about $105,000. D.A. Davidson & CO. grew its holdings 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 purchasing an additional 8,891 shares during the period. Kovack Advisors Inc. increased its position in Gladstone Capital by 2.0% during the 3rd quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after purchasing an additional 702 shares in the last quarter. Finally, PFS Partners LLC raised its holdings in Gladstone Capital by 156.0% in the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares during the period. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.