Gladstone Capital (NASDAQ:GLAD) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.10 and traded as high as $19.53. Gladstone Capital shares last traded at $19.13, with a volume of 144,275 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLAD shares. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Gladstone Capital has an average rating of “Hold” and an average price target of $21.67.

Gladstone Capital Stock Performance

The business has a 50 day moving average of $19.28 and a two-hundred day moving average of $19.08. The firm has a market capitalization of $424.47 million, a price-to-earnings ratio of 10.27 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $25.99 million during the quarter, compared to analysts’ expectations of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. On average, equities analysts predict that Gladstone Capital Corporation will post 2.01 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.6%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.36%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLAD. Miller Global Investments LLC acquired a new position in shares of Gladstone Capital during the second quarter valued at about $311,000. Sunbelt Securities Inc. acquired a new stake in shares of Gladstone Capital in the 1st quarter worth about $142,000. Entropy Technologies LP bought a new position in Gladstone Capital in the 1st quarter valued at about $179,000. Virtu Financial LLC bought a new position in Gladstone Capital in the 4th quarter valued at about $213,000. Finally, Virtus Investment Advisers LLC boosted its stake in Gladstone Capital by 60.5% during the 4th quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock valued at $587,000 after purchasing an additional 10,703 shares during the last quarter. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Company Profile

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.