XML Financial LLC Sells 478 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

XML Financial LLC decreased its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,777 shares of the investment management company’s stock after selling 478 shares during the period. XML Financial LLC’s holdings in Gladstone Capital were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Capital in the second quarter worth about $32,000. Farther Finance Advisors LLC bought a new position in shares of Gladstone Capital during the 3rd quarter valued at approximately $44,000. PFS Partners LLC increased its holdings in Gladstone Capital by 156.0% in the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after acquiring an additional 1,200 shares in the last quarter. Quantbot Technologies LP bought a new stake in Gladstone Capital during the 3rd quarter worth approximately $105,000. Finally, Good Life Advisors LLC lifted its holdings in Gladstone Capital by 101.2% during the third quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after purchasing an additional 8,979 shares in the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, President Bob Marcotte sold 15,500 shares of the business’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 sale, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.96% of the stock is owned by company insiders.

Gladstone Capital Stock Performance

NASDAQ:GLAD opened at $30.19 on Friday. The stock has a 50-day moving average price of $27.99 and a 200 day moving average price of $25.20. The stock has a market capitalization of $674.14 million, a P/E ratio of 7.94 and a beta of 1.27. Gladstone Capital Co. has a 12-month low of $19.20 and a 12-month high of $30.37. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15.

Gladstone Capital Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be issued a $0.165 dividend. This represents a dividend yield of 6.56%. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Capital’s dividend payout ratio (DPR) is presently 52.11%.

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.