Gladstone Capital (NASDAQ:GLAD) Share Price Passes Above 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Gladstone Capital Corporation (NASDAQ:GLAD – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.00 and traded as high as $19.50. Gladstone Capital shares last traded at $19.33, with a volume of 234,169 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Gladstone Capital has an average rating of “Hold” and a consensus price target of $21.67.

Get Our Latest Analysis on GLAD

Gladstone Capital Price Performance

The company has a market capitalization of $436.50 million, a price-to-earnings ratio of 9.39 and a beta of 0.93. The business has a fifty day moving average price of $19.59 and a 200 day moving average price of $19.01.

Gladstone Capital (NASDAQ:GLAD – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million during the quarter, compared to the consensus estimate of $24.90 million. Research analysts anticipate that Gladstone Capital Corporation will post 1.99 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, September 16th. Investors of record on Thursday, September 10th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital’s payout ratio is presently 87.38%.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently modified their holdings of the company. UBS Group AG boosted its stake in Gladstone Capital by 18.0% during the fourth quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after buying an additional 41,484 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Gladstone Capital during the 4th quarter worth $551,000. Miller Global Investments LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter worth $311,000. Entropy Technologies LP acquired a new position in shares of Gladstone Capital in the 1st quarter worth $179,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Gladstone Capital during the first quarter worth $142,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

About Gladstone Capital

(Get Free Report)

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

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