Denali Advisors LLC Sells 868 Shares of Gladstone Capital Corporation $GLAD

Denali Advisors LLC lessened its holdings in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,301 shares of the investment management company’s stock after selling 868 shares during the quarter. Denali Advisors LLC owned about 0.14% of Gladstone Capital worth $871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in Gladstone Capital by 8.0% during the 1st quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company’s stock valued at $2,352,000 after purchasing an additional 6,321 shares during the period. Kovack Advisors Inc. raised its stake in Gladstone Capital by 1.8% during the 1st quarter. Kovack Advisors Inc. now owns 38,561 shares of the investment management company’s stock valued at $1,059,000 after purchasing an additional 669 shares during the period. Goldman Sachs Group Inc. increased its stake in Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after acquiring an additional 456 shares during the last quarter. Compound Planning Inc. increased its stake in Gladstone Capital by 14.6% in the 1st quarter. Compound Planning Inc. now owns 20,537 shares of the investment management company’s stock worth $564,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Gladstone Capital by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after acquiring an additional 534 shares during the last quarter. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock opened at $19.34 on Thursday. The stock has a market cap of $431.86 million, a price-to-earnings ratio of 5.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a 50 day moving average price of $23.31 and a 200-day moving average price of $25.41. Gladstone Capital Corporation has a one year low of $18.90 and a one year high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, August 4th. The investment management company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $21.66 million during the quarter, compared to analysts’ expectations of $21.93 million. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. Equities analysts expect that Gladstone Capital Corporation will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 9.3%. Gladstone Capital’s payout ratio is presently 58.41%.

Analysts Set New Price Targets

A number of research firms have issued reports on GLAD. LADENBURG THALM/SH SH raised Gladstone Capital to a “hold” rating in a research note on Wednesday, August 6th. Oppenheimer lifted their price objective on Gladstone Capital from $24.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Gladstone Capital in a research note on Tuesday, October 14th. Finally, Zacks Research downgraded Gladstone Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.

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.