Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Update

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

Gladstone Capital Stock Performance

GLAD stock traded down $0.09 on Friday, hitting $24.15. The company’s stock had a trading volume of 98,301 shares, compared to its average volume of 127,663. The stock has a market cap of $525.26 million, a price-to-earnings ratio of 8.04 and a beta of 1.26. The firm has a 50 day moving average of $23.67 and a two-hundred day moving average of $23.01. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 1 year low of $19.20 and a 1 year high of $25.29.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. The business had revenue of $25.69 million during the quarter, compared to analysts’ expectations of $24.69 million. Equities analysts predict that Gladstone Capital will post 2.13 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.165 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.98 annualized dividend and a dividend yield of 8.20%. Gladstone Capital’s dividend payout ratio (DPR) is currently 66.00%.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on Gladstone Capital in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target on the stock.

Institutional Inflows and Outflows

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

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.