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

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 given 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 payment by an average of 8.3% annually over the last three years. Gladstone Capital has a dividend payout ratio of 97.5% meaning 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 Price Performance

GLAD opened at $29.22 on Monday. The company’s 50 day simple moving average is $28.69 and its 200 day simple moving average is $25.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a 1 year low of $19.20 and a 1 year high of $30.43. The stock has a market capitalization of $652.48 million, a PE ratio of 7.69 and a beta of 1.27.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.96% of the stock is currently owned by corporate insiders.

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.