Gladstone Capital Co. (NASDAQ:GLAD) Announces $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 14th,investing.com reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, February 28th. This represents a $1.98 annualized dividend and a dividend yield of 6.78%. The ex-dividend date is Wednesday, February 19th.

Gladstone Capital has increased its dividend by an average of 8.3% annually over the last three years. Gladstone Capital has a dividend payout ratio of 97.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Gladstone Capital to earn $2.04 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.1%.

Gladstone Capital Trading Up 2.9 %

Shares of NASDAQ GLAD opened at $29.22 on Monday. The company has a market cap of $652.48 million, a price-to-earnings ratio of 7.69 and a beta of 1.27. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $30.43. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $28.69 and its 200 day simple moving average is $25.80.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a net margin of 97.81% and a return on equity of 10.48%. Equities research analysts expect that Gladstone Capital will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price on the stock.

Insider Activity

In other news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the transaction, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.96% of the stock is owned by insiders.

Gladstone Capital Company Profile

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.