Gladstone Capital Corporation (NASDAQ:GLAD) Announces Monthly Dividend of $0.15

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.15 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, July 24th.

Gladstone Capital has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Stock Down 0.1%

NASDAQ:GLAD opened at $19.80 on Wednesday. The stock’s 50 day moving average price is $19.27 and its 200 day moving average price is $19.13. The company has a market capitalization of $447.28 million, a PE ratio of 10.82 and a beta of 0.92. Gladstone Capital has a 52-week low of $16.54 and a 52-week high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. As a group, sell-side analysts anticipate that Gladstone Capital will post 2.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its holdings in Gladstone Capital by 37.5% in the 3rd quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock valued at $5,035,000 after purchasing an additional 62,738 shares in the last quarter. Jane Street Group LLC increased its position in Gladstone Capital by 179.0% during the 4th quarter. Jane Street Group LLC now owns 53,425 shares of the investment management company’s stock worth $1,104,000 after purchasing an additional 34,278 shares during the period. Trexquant Investment LP raised its stake in shares of Gladstone Capital by 107.7% during the 4th quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after buying an additional 30,695 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Gladstone Capital during the 4th quarter worth approximately $551,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Gladstone Capital in the 4th quarter valued at approximately $551,000. 10.72% of the stock is owned by institutional investors and hedge funds.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.