Short Interest in Gladstone Capital Co. (NASDAQ:GLAD) Rises By 6.0%

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 666,400 shares, a growth of 6.0% from the September 30th total of 628,600 shares. Based on an average daily volume of 126,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 3.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in Gladstone Capital during the third quarter worth approximately $12,287,000. International Assets Investment Management LLC lifted its holdings in Gladstone Capital by 2,305.0% during the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after purchasing an additional 368,546 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new position in Gladstone Capital during the second quarter worth $1,723,000. TrueMark Investments LLC bought a new position in shares of Gladstone Capital in the second quarter valued at about $1,451,000. Finally, Good Life Advisors LLC lifted its stake in shares of Gladstone Capital by 101.2% during the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock worth $429,000 after buying an additional 8,979 shares during the last quarter. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Stock Up 0.5 %

Shares of NASDAQ GLAD traded up $0.11 during mid-day trading on Friday, hitting $24.35. The company had a trading volume of 18,294 shares, compared to its average volume of 127,286. Gladstone Capital has a one year low of $19.20 and a one year high of $25.29. The company has a market capitalization of $529.61 million, a PE ratio of 8.08 and a beta of 1.26. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $23.64 and a two-hundred day simple moving average of $23.01.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $25.69 million for the quarter, compared to analysts’ expectations of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. On average, equities analysts expect that Gladstone Capital will post 2.13 EPS for the current year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date is Friday, December 20th. Gladstone Capital’s dividend payout ratio (DPR) is presently 66.00%.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock.

Gladstone Capital Company 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.