Gladstone Capital (NASDAQ:GLAD) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Gladstone Capital Corporation (NASDAQ:GLAD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.88 and traded as high as $19.79. Gladstone Capital shares last traded at $19.73, with a volume of 157,249 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on GLAD. Weiss Ratings raised Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.67.

Gladstone Capital Price Performance

The firm’s 50-day moving average price is $19.35 and its 200 day moving average price is $18.88. The firm has a market capitalization of $444.40 million, a price-to-earnings ratio of 9.55 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. On average, analysts predict that Gladstone Capital Corporation will post 1.99 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Capital’s payout ratio is 87.38%.

Institutional Trading of Gladstone Capital

Large investors have recently made changes to their positions in the stock. UBS Group AG raised its stake in Gladstone Capital by 18.0% in the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after purchasing an additional 41,484 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Gladstone Capital by 1.0% during the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock worth $2,279,000 after purchasing an additional 1,041 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Gladstone Capital by 39.1% during the third quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock worth $1,958,000 after buying an additional 25,181 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Gladstone Capital by 2.7% during the fourth quarter. Advisors Asset Management Inc. now owns 64,909 shares of the investment management company’s stock worth $1,341,000 after buying an additional 1,727 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Gladstone Capital by 36.0% in the third quarter. Raymond James Financial Inc. now owns 59,261 shares of the investment management company’s stock valued at $1,296,000 after buying an additional 15,681 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.