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

Gladstone Capital Co. (NASDAQ:GLADGet Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 308,500 shares, a decrease of 6.9% from the May 31st total of 331,400 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 133,500 shares, the days-to-cover ratio is currently 2.3 days.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD traded up $0.08 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 market cap of $515.35 million, a P/E ratio of 8.58 and a beta of 1.26. Gladstone Capital has a 52-week low of $18.40 and a 52-week high of $23.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.05 and a current ratio of 0.05. The company has a 50-day simple moving average of $22.39 and a 200 day simple moving average of $21.45.

Gladstone Capital (NASDAQ:GLADGet Free Report) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.08 million. During the same period in the prior year, the company posted $0.52 EPS. As a group, equities research analysts anticipate that Gladstone Capital will post 2.11 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

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

Institutional Investors Weigh In On Gladstone Capital

Several hedge funds have recently made changes to their positions in GLAD. Creekmur Asset Management LLC purchased a new position in Gladstone Capital during the 4th quarter valued at about $67,000. Register Financial Advisors LLC bought a new stake in shares of Gladstone Capital in the 1st quarter valued at about $69,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Gladstone Capital in the 4th quarter worth approximately $146,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gladstone Capital in the third quarter worth $138,000. Finally, Eagle Global Advisors LLC raised its stake in Gladstone Capital by 15.4% in the fourth quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after buying an additional 2,150 shares during the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on GLAD

About Gladstone Capital

(Get Free Report)

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.

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