Gladstone Capital Corp. (GLAD) Announces $0.07 Oct 16 Dividend
Gladstone Capital Corp. (NASDAQ:GLAD) announced a oct 16 dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be given a dividend of 0.07 per share by the investment management company on Monday, October 31st. The ex-dividend date is Wednesday, October 19th.
Shares of Gladstone Capital Corp. (NASDAQ:GLAD) opened at 8.14 on Wednesday. The stock has a 50 day moving average of $8.29 and a 200-day moving average of $7.73. Gladstone Capital Corp. has a 12-month low of $4.71 and a 12-month high of $9.09.
Gladstone Capital Corp. (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. Gladstone Capital Corp. had a negative net margin of 35.47% and a positive return on equity of 10.58%. Analysts forecast that Gladstone Capital Corp. will post $0.84 EPS for the current year.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Gladstone Capital Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. National Securities reissued a “neutral” rating and set a $7.00 price target on shares of Gladstone Capital Corp. in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating, Gladstone Capital Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.31.
In related news, President Robert L. Marcotte acquired 8,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of $8.35 per share, with a total value of $66,800.00. Following the completion of the acquisition, the president now directly owns 286,758 shares in the company, valued at approximately $2,394,429.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Terry Lee Brubaker sold 20,876 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $8.39, for a total transaction of $175,149.64. Following the transaction, the chief operating officer now directly owns 109,610 shares in the company, valued at $919,627.90. The disclosure for this sale can be found here. Company insiders own 6.49% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Gladstone Capital Corp. by 12.9% in the second quarter. Van ECK Associates Corp now owns 108,111 shares of the investment management company’s stock valued at $783,000 after buying an additional 12,335 shares during the last quarter. Nuveen Fund Advisors LLC bought a new position in Gladstone Capital Corp. during the second quarter valued at about $385,000. Janney Montgomery Scott LLC increased its position in Gladstone Capital Corp. by 126.7% in the second quarter. Janney Montgomery Scott LLC now owns 49,466 shares of the investment management company’s stock valued at $358,000 after buying an additional 27,650 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Gladstone Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 116,902 shares of the investment management company’s stock valued at $846,000 after buying an additional 14,874 shares during the last quarter. 9.34% of the stock is currently owned by institutional investors and hedge funds.
About Gladstone Capital Corp.
Gladstone Capital Corporation is an externally managed, closed-end and non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that will provide earnings and cash flow to pay expenses, which make principal and interest payments on its indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it can grow over time to permit customers to sell its equity investments for capital gains.
Receive News & Stock Ratings for Gladstone Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital Corp. and related stocks with our FREE daily email newsletter.