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

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 14th,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Wednesday, February 19th.

Gladstone Capital has raised its dividend by an average of 8.3% annually over the last three years. Gladstone Capital has a 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. Research 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 stock opened at $29.22 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $652.48 million, a P/E ratio of 7.69 and a beta of 1.27. The business’s 50-day moving average is $28.69 and its two-hundred day moving average is $25.80. Gladstone Capital has a 1 year low of $19.20 and a 1 year high of $30.43.

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

Insider Transactions at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.