Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 6.9% in June

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 308,500 shares, a drop of 6.9% from the May 31st total of 331,400 shares. Based on an average daily volume of 133,500 shares, the short-interest ratio is presently 2.3 days. Approximately 1.5% of the company’s shares are sold short.

Gladstone Capital Stock Up 0.3 %

Shares of NASDAQ:GLAD traded up $0.08 during midday trading on Wednesday, reaching $23.69. The company’s stock had a trading volume of 100,415 shares, compared to its average volume of 132,384. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $22.39 and a 200-day moving average of $21.45. The firm has a market capitalization of $515.35 million, a P/E ratio of 8.58 and a beta of 1.26. Gladstone Capital has a 12-month low of $18.40 and a 12-month high of $23.82.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. During the same quarter last year, the company posted $0.52 EPS. On average, research analysts anticipate that Gladstone Capital will post 2.11 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were given a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 8.36%. The ex-dividend date of this dividend was Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is presently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after purchasing an additional 319,081 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Gladstone Capital by 841.0% in the 3rd quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 166,935 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Gladstone Capital during the 3rd quarter worth approximately $881,000. Trexquant Investment LP lifted its holdings in Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock valued at $633,000 after purchasing an additional 49,127 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Gladstone Capital by 8.8% in the third quarter. Advisors Asset Management Inc. now owns 334,461 shares of the investment management company’s stock worth $3,224,000 after purchasing an additional 27,084 shares during the period. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th.

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.