Gladstone Capital Corp. (NASDAQ:GLAD) declared a oct 16 dividend on Tuesday, October 11th. Shareholders of record on Friday, October 21st will be given a dividend of 0.07 per share by the investment management company on Monday, October 31st. The ex-dividend date is Wednesday, October 19th.
Gladstone Capital Corp. (NASDAQ:GLAD) opened at 8.14 on Wednesday. The firm’s 50-day moving average is $8.29 and its 200 day moving average is $7.73. Gladstone Capital Corp. has a 12-month low of $4.71 and a 12-month high of $9.09.
Gladstone Capital Corp. (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 3rd. The investment management company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Gladstone Capital Corp. had a negative net margin of 35.47% and a positive return on equity of 10.58%. On average, equities analysts predict that Gladstone Capital Corp. will post $0.84 EPS for the current fiscal year.
In other news, President Robert L. Marcotte acquired 8,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were bought at an average cost of $8.35 per share, with a total value of $66,800.00. Following the purchase, the president now owns 286,758 shares of the company’s stock, valued at approximately $2,394,429.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Terry Lee Brubaker sold 20,876 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $8.39, for a total transaction of $175,149.64. Following the completion of the transaction, the chief operating officer now directly owns 109,610 shares in the company, valued at $919,627.90. The disclosure for this sale can be found here. 6.49% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of Gladstone Capital Corp. by 12.9% in the second quarter. Van ECK Associates Corp now owns 108,111 shares of the investment management company’s stock valued at $783,000 after buying an additional 12,335 shares in the last quarter. BlackRock Group LTD boosted its position in Gladstone Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 116,902 shares of the investment management company’s stock worth $846,000 after buying an additional 14,874 shares during the period. Janney Montgomery Scott LLC boosted its position in Gladstone Capital Corp. by 126.7% in the second quarter. Janney Montgomery Scott LLC now owns 49,466 shares of the investment management company’s stock worth $358,000 after buying an additional 27,650 shares during the period. Finally, Nuveen Fund Advisors LLC bought a new position in Gladstone Capital Corp. during the second quarter worth $385,000. 9.34% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on GLAD shares. Zacks Investment Research raised shares of Gladstone Capital Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. National Securities reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Gladstone Capital Corp. in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $7.31.
Gladstone Capital Corp. Company Profile
Gladstone Capital Corporation is an externally managed, closed-end and non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that will provide earnings and cash flow to pay expenses, which make principal and interest payments on its indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it can grow over time to permit customers to sell its equity investments for capital gains.
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