Gladstone Capital (NASDAQ:GLAD) Stock Price Passes Above 200 Day Moving Average of $20.75

Gladstone Capital Co. (NASDAQ:GLAD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.75 and traded as high as $22.24. Gladstone Capital shares last traded at $22.20, with a volume of 116,608 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday.

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $20.75. The company has a market cap of $482.94 million, a price-to-earnings ratio of 8.04 and a beta of 1.23.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.31). Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. The firm had revenue of $24.00 million for the quarter, compared to analyst estimates of $24.08 million. During the same period in the previous year, the firm posted $0.52 EPS. On average, equities research analysts predict that Gladstone Capital Co. will post 2.17 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.92%. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLAD. Atomi Financial Group Inc. increased its stake in Gladstone Capital by 10.4% during the first quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after acquiring an additional 2,612 shares during the last quarter. Kovack Advisors Inc. raised its holdings in Gladstone Capital by 1.2% in the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock valued at $747,000 after buying an additional 856 shares during the period. Register Financial Advisors LLC acquired a new position in Gladstone Capital in the first quarter valued at about $69,000. Creekmur Asset Management LLC purchased a new position in Gladstone Capital during the fourth quarter worth about $67,000. Finally, Eagle Global Advisors LLC increased its position in shares of Gladstone Capital by 15.4% during the fourth quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 2,150 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.