D.A. Davidson & CO. Purchases 1,480 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

D.A. Davidson & CO. raised its position in Gladstone Capital Co. (NASDAQ:GLAD) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 113,049 shares of the investment management company’s stock after acquiring an additional 1,480 shares during the period. D.A. Davidson & CO.’s holdings in Gladstone Capital were worth $3,215,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp bought a new position in Gladstone Capital in the third quarter valued at about $12,287,000. International Assets Investment Management LLC raised its stake in shares of 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 period. Kovack Advisors Inc. raised its stake in shares of Gladstone Capital by 2.0% in the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after buying an additional 702 shares during the period. Jane Street Group LLC bought a new position in shares of Gladstone Capital in the third quarter worth about $485,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Gladstone Capital in the fourth quarter worth about $510,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Down 0.8 %

NASDAQ GLAD opened at $29.01 on Friday. The stock’s 50-day moving average price is $28.83 and its 200-day moving average price is $25.93. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $30.43. The company has a market capitalization of $647.79 million, a P/E ratio of 7.09 and a beta of 1.27.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. On average, equities research analysts predict that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Cuts Dividend

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

Insider Buying and Selling

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares in the company, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.96% of the stock is currently owned by company insiders.

Gladstone Capital 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.