Cambridge Investment Research Advisors Inc. trimmed its stake in Gladstone Capital Co. (NASDAQ:GLAD – Get Rating) by 17.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,042 shares of the investment management company’s stock after selling 2,294 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Gladstone Capital were worth $106,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of GLAD. JPMorgan Chase & Co. acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at $36,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Gladstone Capital by 230.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock worth $51,000 after buying an additional 2,999 shares during the period. Captrust Financial Advisors purchased a new position in shares of Gladstone Capital in the second quarter worth approximately $95,000. Private Advisor Group LLC raised its holdings in shares of Gladstone Capital by 9.5% during the first quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the period. Finally, Blair William & Co. IL purchased a new stake in shares of Gladstone Capital in the 1st quarter valued at approximately $136,000. 9.11% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Capital Stock Up 0.1 %
Shares of Gladstone Capital stock opened at $9.42 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.45. Gladstone Capital Co. has a 1 year low of $8.21 and a 1 year high of $11.60. The stock has a 50-day moving average price of $9.39 and a 200 day moving average price of $9.78. The company has a market cap of $352.73 million, a P/E ratio of 19.63 and a beta of 1.31.
Gladstone Capital (NASDAQ:GLAD – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The investment management company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $20.56 million during the quarter, compared to analysts’ expectations of $19.91 million. Gladstone Capital had a net margin of 24.71% and a return on equity of 10.13%. During the same period last year, the company posted $0.25 earnings per share. As a group, analysts expect that Gladstone Capital Co. will post 1.05 EPS for the current fiscal year.
Gladstone Capital Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, June 21st will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.19%. The ex-dividend date of this dividend is Tuesday, June 20th. Gladstone Capital’s dividend payout ratio (DPR) is presently 200.00%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th.
Gladstone Capital Profile
(Get Rating)
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.
See Also
Receive News & Ratings for Gladstone Capital Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Gladstone Capital and related companies with MarketBeat.com’s FREE daily email newsletter.