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

Gladstone Capital Co. (NASDAQ:GLAD) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 628,600 shares, an increase of 34.0% from the September 15th total of 469,000 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 124,100 shares, the days-to-cover ratio is currently 5.1 days.

Gladstone Capital Stock Up 0.7 %

Shares of NASDAQ:GLAD traded up $0.18 during mid-day trading on Tuesday, hitting $24.65. 97,721 shares of the company traded hands, compared to its average volume of 128,389. The firm has a market cap of $536.24 million, a P/E ratio of 8.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02. Gladstone Capital has a 52-week low of $18.56 and a 52-week high of $24.79. The firm’s 50 day simple moving average is $23.24 and its 200 day simple moving average is $22.69.

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 the consensus estimate of $0.53 by $0.04. The business had revenue of $25.69 million for the quarter, compared to the consensus estimate of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. On average, equities analysts anticipate that Gladstone Capital will post 2.14 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, December 20th. This represents a $1.98 annualized dividend and a yield of 8.03%. Gladstone Capital’s dividend payout ratio is presently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kovack Advisors Inc. increased its holdings in Gladstone Capital by 1.2% during the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after purchasing an additional 856 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Capital during the 2nd quarter worth approximately $32,000. nVerses Capital LLC purchased a new stake in Gladstone Capital during the 2nd quarter worth approximately $37,000. Atomi Financial Group Inc. increased its holdings in Gladstone Capital by 10.4% during the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Gladstone Capital during the 2nd quarter worth approximately $98,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.