Gladstone Capital (NASDAQ:GLAD) Sets New 1-Year High – Time to Buy?

Gladstone Capital Co. (NASDAQ:GLADGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $30.37 and last traded at $30.26, with a volume of 26235 shares traded. The stock had previously closed at $29.99.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price objective for the company.

Read Our Latest Stock Analysis on GLAD

Gladstone Capital Stock Up 1.1 %

The company has a fifty day moving average price of $28.14 and a 200-day moving average price of $25.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $677.05 million, a PE ratio of 7.98 and a beta of 1.27.

Gladstone Capital Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be given a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend is Friday, January 24th. Gladstone Capital’s dividend payout ratio is 52.11%.

Insider Activity at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Capital in the second quarter worth $32,000. Farther Finance Advisors LLC bought a new stake in Gladstone Capital during the 3rd quarter valued at about $44,000. PFS Partners LLC boosted its position in Gladstone Capital by 156.0% in the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after buying an additional 1,200 shares during the period. Register Financial Advisors LLC bought a new position in Gladstone Capital in the 4th quarter worth about $92,000. Finally, Quantbot Technologies LP purchased a new position in shares of Gladstone Capital during the third quarter worth approximately $105,000. 10.72% of the stock is owned by institutional investors.

About Gladstone Capital

(Get Free Report)

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.

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