Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on September 21st

Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Capital has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Stock Performance

GLAD stock opened at $19.31 on Friday. The firm has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $19.01. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $23.67. The stock has a market cap of $436.21 million, a P/E ratio of 9.37 and a beta of 0.93.

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

Institutional Trading of Gladstone Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Closed End Fund Advisors Inc. acquired a new stake in Gladstone Capital during the fourth quarter valued at approximately $551,000. Miller Global Investments LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter worth approximately $311,000. Entropy Technologies LP bought a new position in shares of Gladstone Capital during the 1st quarter worth approximately $179,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Gladstone Capital during the 1st quarter worth approximately $142,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Company Profile

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.