LPL Financial LLC boosted its position in shares of Gladstone Capital Co. (NASDAQ:GLAD – Get Rating) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 317,897 shares of the investment management company’s stock after purchasing an additional 6,055 shares during the quarter. LPL Financial LLC owned about 0.89% of Gladstone Capital worth $3,058,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of Gladstone Capital by 6.1% in the fourth quarter. Private Advisor Group LLC now owns 17,483 shares of the investment management company’s stock worth $168,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Gladstone Capital by 39.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,975 shares of the investment management company’s stock valued at $60,000 after acquiring an additional 1,675 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Gladstone Capital by 20.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 12,508 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 2,096 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Gladstone Capital by 13.3% in the 1st quarter. Royal Bank of Canada now owns 30,119 shares of the investment management company’s stock worth $356,000 after purchasing an additional 3,536 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Gladstone Capital in the second quarter worth $36,000. 9.11% of the stock is currently owned by institutional investors.
Gladstone Capital Stock Up 0.4 %
GLAD opened at $9.46 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.45. Gladstone Capital Co. has a twelve month low of $8.21 and a twelve month high of $11.69. The stock has a market capitalization of $354.18 million, a price-to-earnings ratio of 19.71 and a beta of 1.31. The firm has a 50 day moving average price of $9.35 and a 200-day moving average price of $9.80.
Gladstone Capital (NASDAQ:GLAD – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The investment management company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Gladstone Capital had a return on equity of 10.13% and a net margin of 24.71%. The firm had revenue of $20.56 million for the quarter, compared to analysts’ expectations of $19.91 million. During the same period in the prior year, the firm earned $0.25 EPS. Equities research analysts forecast that Gladstone Capital Co. will post 1.05 earnings per share for the current year.
Gladstone Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 21st will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Tuesday, June 20th. Gladstone Capital’s payout ratio is currently 200.00%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
Gladstone Capital Profile
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Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies, that meet certain criteria. The criteria can include some or all of the following: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, reasonable capitalization of the borrower and the potential to realize appreciation and gain liquidity in our equity position, if any.
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