XML Financial LLC Sells 478 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

XML Financial LLC trimmed its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,777 shares of the investment management company’s stock after selling 478 shares during the quarter. XML Financial LLC’s holdings in Gladstone Capital were worth $250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLAD. Van ECK Associates Corp purchased a new stake in Gladstone Capital during the third quarter valued at approximately $12,287,000. International Assets Investment Management LLC lifted its position in 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 buying an additional 368,546 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Gladstone Capital by 8.7% during the third quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock worth $2,683,000 after buying an additional 8,891 shares during the period. Kovack Advisors Inc. increased its position in Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock valued at $863,000 after acquiring an additional 702 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Gladstone Capital in the third quarter valued at $485,000. Institutional investors own 10.72% of the company’s stock.

Insider Transactions at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the transaction, the president now directly owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.96% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target for the company.

Gladstone Capital Price Performance

Shares of GLAD stock opened at $30.19 on Friday. The stock has a 50 day moving average price of $27.99 and a 200 day moving average price of $25.20. Gladstone Capital Co. has a 52-week low of $19.20 and a 52-week high of $30.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $674.14 million, a P/E ratio of 7.94 and a beta of 1.27.

Gladstone Capital Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be paid a dividend of $0.165 per share. This represents a dividend yield of 6.56%. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Capital’s dividend payout ratio is currently 52.11%.

About Gladstone Capital

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.