Gladstone Capital (NASDAQ:GLAD) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Gladstone Capital Co. (NASDAQ:GLAD)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.46 and traded as high as $26.99. Gladstone Capital shares last traded at $26.43, with a volume of 80,166 shares.

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $601.35 million, a P/E ratio of 6.58 and a beta of 1.25. The company’s 50 day simple moving average is $28.79 and its two-hundred day simple moving average is $26.46.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share 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%. As a group, equities analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current fiscal year.

Gladstone Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s dividend payout ratio (DPR) is currently 48.41%.

Institutional Trading of Gladstone Capital

Several hedge funds have recently modified their holdings of GLAD. Farther Finance Advisors LLC bought a new stake in shares of Gladstone Capital during the third quarter valued at approximately $44,000. Private Trust Co. NA grew its stake in shares of Gladstone Capital by 65.9% during the fourth quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 625 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Gladstone Capital during the fourth quarter valued at approximately $92,000. Quantbot Technologies LP bought a new stake in shares of Gladstone Capital during the third quarter valued at approximately $105,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Gladstone Capital during the fourth quarter valued at approximately $209,000. 10.72% of the stock is owned by institutional investors.

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.