Gladstone Capital (NASDAQ:GLAD) Sees Strong Trading Volume – Should You Buy?

Gladstone Capital Co. (NASDAQ:GLAD) saw strong trading volume on Monday . 205,713 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 118,537 shares.The stock last traded at $23.25 and had previously closed at $24.60.

Gladstone Capital Trading Down 6.3 %

The company has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $27.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $514.93 million, a PE ratio of 5.64 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results 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%. Analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.165 per share. This represents a yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio (DPR) is presently 48.41%.

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors have recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of Gladstone Capital by 65.9% in the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 625 shares in the last quarter. D.A. Davidson & CO. raised its stake in Gladstone Capital by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock valued at $3,215,000 after purchasing an additional 1,480 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in Gladstone Capital by 5.6% in the 4th quarter. Kovack Advisors Inc. now owns 37,892 shares of the investment management company’s stock valued at $1,078,000 after purchasing an additional 2,025 shares in the last quarter. Northern Trust Corp boosted its stake in Gladstone Capital by 12.1% during the 4th quarter. Northern Trust Corp now owns 25,023 shares of the investment management company’s stock worth $712,000 after purchasing an additional 2,699 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of Gladstone Capital during the fourth quarter worth $92,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.