Gladstone Capital (NASDAQ:GLAD) Sees Strong Trading Volume – Here’s What Happened

Gladstone Capital Co. (NASDAQ:GLAD) saw unusually-strong trading volume on Monday . Approximately 205,713 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 118,537 shares.The stock last traded at $23.25 and had previously closed at $24.60.

Gladstone Capital Trading Down 6.3 %

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $28.02 and a two-hundred day moving average price of $27.02. The firm has a market capitalization of $514.93 million, a price-to-earnings ratio of 5.64 and a beta of 1.05.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Gladstone Capital Co. will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.165 dividend. 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%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLAD. Private Trust Co. NA lifted its stake in shares of Gladstone Capital by 65.9% in the 4th 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. D.A. Davidson & CO. raised its holdings in Gladstone Capital by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock valued at $3,215,000 after buying an additional 1,480 shares during the period. Kovack Advisors Inc. lifted its position in Gladstone Capital by 5.6% in the fourth quarter. Kovack Advisors Inc. now owns 37,892 shares of the investment management company’s stock valued at $1,078,000 after buying an additional 2,025 shares during the last quarter. Northern Trust Corp boosted its stake in Gladstone Capital by 12.1% during the fourth quarter. Northern Trust Corp now owns 25,023 shares of the investment management company’s stock worth $712,000 after buying an additional 2,699 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in Gladstone Capital during the fourth quarter worth about $92,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.