Gladstone Capital Corporation (NASDAQ:GLAD) Short Interest Update

Gladstone Capital Corporation (NASDAQ:GLAD) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 574,800 shares, an increase of 93.1% from the August 31st total of 297,700 shares. Based on an average daily volume of 130,100 shares, the short-interest ratio is presently 4.4 days. Approximately 2.7% of the shares of the stock are sold short. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 130,100 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GLAD shares. Oppenheimer increased their price target on Gladstone Capital from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gladstone Capital in a research report on Saturday, September 27th. LADENBURG THALM/SH SH upgraded Gladstone Capital to a “hold” rating in a report on Wednesday, August 6th. Finally, B. Riley upgraded Gladstone Capital to a “hold” rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLAD. Mackenzie Financial Corp bought a new stake in shares of Gladstone Capital in the first quarter valued at about $363,000. Raymond James Financial Inc. lifted its stake in shares of Gladstone Capital by 29.7% in the 2nd quarter. Raymond James Financial Inc. now owns 43,580 shares of the investment management company’s stock valued at $1,175,000 after purchasing an additional 9,985 shares during the period. Marshall Wace LLP acquired a new stake in Gladstone Capital in the second quarter valued at approximately $227,000. MQS Management LLC acquired a new stake in shares of Gladstone Capital in the first quarter worth approximately $223,000. Finally, Focus Partners Wealth acquired a new position in Gladstone Capital during the first quarter worth about $220,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Down 1.9%

GLAD opened at $20.96 on Tuesday. The stock has a market cap of $468.04 million, a PE ratio of 6.18 and a beta of 0.99. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.06. Gladstone Capital has a 52 week low of $20.92 and a 52 week high of $30.43. The business’s fifty day simple moving average is $25.14 and its 200 day simple moving average is $26.02.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, August 4th. The investment management company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a net margin of 84.60% and a return on equity of 9.43%. The company had revenue of $21.66 million for the quarter, compared to analyst estimates of $21.93 million. As a group, research analysts expect that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. Gladstone Capital’s dividend payout ratio (DPR) is currently 58.41%.

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.