Gladstone Capital (NASDAQ:GLAD) Reaches New 12-Month High – Should You Buy?

Gladstone Capital Co. (NASDAQ:GLAD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.48 and last traded at $29.20, with a volume of 19672 shares. The stock had previously closed at $29.08.

Analyst Upgrades and Downgrades

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

Gladstone Capital Stock Down 1.2 %

The firm has a fifty day moving average of $26.91 and a 200-day moving average of $24.72. The firm has a market cap of $639.53 million, a P/E ratio of 7.54 and a beta of 1.27. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Gladstone Capital Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is a boost from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio (DPR) is presently 52.11%.

Insider Buying and Selling at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now owns 248,210 shares in the company, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction 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.

Institutional Trading of Gladstone Capital

Several hedge funds and other institutional investors have recently modified their holdings of GLAD. National Bank of Canada FI acquired a new position in shares of Gladstone Capital in the second quarter valued at about $98,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Gladstone Capital during the 2nd quarter valued at approximately $32,000. Good Life Advisors LLC lifted its stake in shares of Gladstone Capital by 101.2% in the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after acquiring an additional 8,979 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Gladstone Capital by 2,305.0% during the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after purchasing an additional 368,546 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Gladstone Capital during the 3rd quarter worth approximately $44,000. Institutional investors own 10.72% of the company’s stock.

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.