XML Financial LLC Raises Stake in Gladstone Commercial Co. by 2.2%
In a recent filing with the Securities and Exchange Commission (SEC), XML Financial LLC reported that it had raised its stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) by 2.2% during the fourth quarter. XML Financial LLC now owns a total of 535,719 shares of the real estate investment trust’s stock following an additional purchase of 11,512 shares. This brings the company’s Gladstone Commercial ownership to approximately 1.35% and makes it the sixteenth largest holding in its investment portfolio.
Gladstone Commercial Co., on the other hand, recently published their quarterly earnings report for February 22nd indicating that they missed consensus earnings estimate with ($0.03) per share as against $0.39 per share expected for the quarter but recorded revenue amounting to $37.22million compared to expectation of $37:31 million for the same period.
Not long ago, President Arthur S. Cooper and CIO Elliot Wislar, Jr purchased more Gladstone shares, acquiring 3,600 and 2000 shares respectively at an average cost ranging between $13:50-$13:68 per share during a March transaction worth over $75k together.
Over the last three months, insiders have acquired a total of over 5,850 shares of company stock valued at about $79,348 which means corporate insiders now own more than 1.50% of Gladstone Commercial Co.’s stock bringing positive outlook on future business decisions.
As at present forecasts from equity research analysts indicate that Gladstone Commercial will post EPS around 1:44 for the current fiscal year being closely monitored by relevant quarters hoping for increased returns and wider investment opportunities in the near term with prospects are high given recent moves seen among major shareholders in this regard – perhaps good news for investors looking for profitable opportunities in the real estate investment sector.
GOOD
Updated on: 23/05/2023
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Institutional Investors and Hedge Funds Ramp Up Stock Ownership in Gladstone Commercial
Gladstone Commercial, a real estate investment trust (REIT), has recently seen changes in its stock ownership by institutional investors and hedge funds. Nomura Asset Management Co. Ltd., for example, has purchased an additional 2,900 shares of Gladstone Commercial’s stock during the third quarter of last year, lifting its position to 8.4 percent. Similarly, SG Americas Securities LLC tipped $142,000 into Gladstone Commercial’s account during the same period while Asset Management One Co. Ltd increased their share percentage by 16.1 percent in the fourth quarter of last year. Meanwhile, Empirical Financial Services LLC d.b.a Empirical Wealth Management bought an additional 3,000 shares whereas Samalin Investment Counsel LLC lifted their stake by 9.4% in the third quarter of last year.
The institutional investors now own almost half of Gladstone Commercial’s stocks making up to 45.84% of the company’s total stocks.
Arthur S Cooper and Elliott Wislar Jr., executives from Gladstone Commercial have also purchased company stock at market value during March this year amounting to $48,600 and $27,360 respectively with Cooper directly holding 22,625 shares or about $305k worth of company stocks while Wislar holding 3,070 shares worth around $42k.
The company also announced it will be paying a monthly dividend amounting to $0.10 per share on Friday next week which represents a $1.20 annualized dividend with shareholders registered as such on Wednesday next week to receive payment.
According to recent research reports rating agency TheStreet downgraded Gladstone Commmercial from a “c-” rating to a “d+” rating early April this year while two analysts have rated as hold and another two provided it with buy ratings giving it an average rating score of “Moderate Buy” according to Bloomberg.com’s data as at May this year.
Despite its recent difficulties, Gladstone Commercial is still an industry leader in commercial real estate and offers good value for investors looking for a reasonable yield. As such, the company’s stock remains a strong asset to add to a well-diversified portfolio as it continues to ride out temporary setbacks and maintain sturdy performance.