D.A. Davidson & CO. Buys 1,480 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

D.A. Davidson & CO. grew its stake in Gladstone Capital Co. (NASDAQ:GLAD) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,049 shares of the investment management company’s stock after acquiring an additional 1,480 shares during the quarter. D.A. Davidson & CO. owned 0.51% of Gladstone Capital worth $3,215,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GLAD. Van ECK Associates Corp bought a new stake in Gladstone Capital in the third quarter worth $12,287,000. International Assets Investment Management LLC raised its stake in shares of Gladstone Capital by 2,305.0% in the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after purchasing an additional 368,546 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Gladstone Capital during the third quarter valued at $485,000. Atomi Financial Group Inc. purchased a new stake in shares of Gladstone Capital during the fourth quarter valued at $510,000. Finally, Fortress Financial Solutions LLC purchased a new stake in shares of Gladstone Capital during the fourth quarter valued at $438,000. 10.72% of the stock is owned by institutional investors.

Insider Activity at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.96% of the stock is currently owned by insiders.

Gladstone Capital Trading Down 0.8 %

Gladstone Capital stock opened at $29.01 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. Gladstone Capital Co. has a one year low of $19.20 and a one year high of $30.43. The stock has a market capitalization of $647.79 million, a PE ratio of 7.09 and a beta of 1.27. The business’s fifty day moving average is $28.83 and its 200 day moving average is $25.93.

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 the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. On average, sell-side analysts predict that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a dividend of $0.165 per share. 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 presently 48.41%.

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.