Gladstone Capital (NASDAQ:GLAD) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

Gladstone Capital Corporation (NASDAQ:GLAD – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.89 and traded as high as $20.38. Gladstone Capital shares last traded at $20.15, with a volume of 231,518 shares.

Analyst Ratings Changes

Several analysts have commented on GLAD shares. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gladstone Capital presently has an average rating of “Hold” and a consensus target price of $21.67.

Get Our Latest Stock Report on Gladstone Capital

Gladstone Capital Stock Up 1.4%

The company has a market cap of $456.66 million, a P/E ratio of 9.81 and a beta of 0.93. The business has a fifty day simple moving average of $19.49 and a two-hundred day simple moving average of $18.90.

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

Gladstone Capital Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, September 16th. Investors of record on Thursday, September 10th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, September 10th. Gladstone Capital’s payout ratio is 87.38%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLAD. UBS Group AG increased its holdings in Gladstone Capital by 37.5% in the 3rd quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock worth $5,035,000 after acquiring an additional 62,738 shares in the last quarter. Jane Street Group LLC lifted its holdings in Gladstone Capital by 179.0% during the fourth quarter. Jane Street Group LLC now owns 53,425 shares of the investment management company’s stock valued at $1,104,000 after purchasing an additional 34,278 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Gladstone Capital by 107.7% in the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after purchasing an additional 30,695 shares during the period. Closed End Fund Advisors Inc. bought a new position in shares of Gladstone Capital in the fourth quarter worth approximately $551,000. Finally, Two Sigma Investments LP increased its stake in shares of Gladstone Capital by 39.1% in the third quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock worth $1,958,000 after purchasing an additional 25,181 shares in the last quarter. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

(Get Free Report)

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.

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