Kovack Advisors Inc. Acquires 2,025 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Kovack Advisors Inc. boosted its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,892 shares of the investment management company’s stock after buying an additional 2,025 shares during the quarter. Kovack Advisors Inc.’s holdings in Gladstone Capital were worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFS Partners LLC lifted its stake in shares of Gladstone Capital by 156.0% during the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after buying an additional 1,200 shares during the last quarter. D.A. Davidson & CO. lifted its position in Gladstone Capital by 1.3% during the fourth quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock worth $3,215,000 after acquiring an additional 1,480 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Gladstone Capital during the third quarter worth approximately $44,000. Register Financial Advisors LLC acquired a new position in shares of Gladstone Capital in the fourth quarter valued at approximately $92,000. Finally, Quantbot Technologies LP bought a new position in shares of Gladstone Capital during the third quarter worth approximately $105,000. Institutional investors own 10.72% of the company’s stock.

Insiders Place Their Bets

In other news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.96% of the company’s stock.

Gladstone Capital Stock Performance

NASDAQ:GLAD opened at $28.24 on Friday. The stock has a 50 day simple moving average of $28.91 and a 200 day simple moving average of $26.14. The stock has a market cap of $630.60 million, a P/E ratio of 6.90 and a beta of 1.27. Gladstone Capital Co. has a 1-year low of $19.20 and a 1-year high of $30.43. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. Research analysts anticipate that Gladstone Capital Co. will post 2.03 earnings per share for the current year.

Gladstone Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were issued a $0.165 dividend. This represents a yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio is currently 48.41%.

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.