Gladstone Capital Corporation (GLAD) President Robert L. Marcotte Purchases 4,000 Shares
Gladstone Capital Corporation (NASDAQ:GLAD) President Robert L. Marcotte acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average cost of $9.22 per share, for a total transaction of $36,880.00. Following the transaction, the president now owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gladstone Capital Corporation (GLAD) traded up 1.21% during trading on Friday, hitting $9.21. 226,260 shares of the stock were exchanged. The firm’s 50 day moving average price is $9.63 and its 200-day moving average price is $9.59. Gladstone Capital Corporation has a 1-year low of $7.33 and a 1-year high of $10.12.
Gladstone Capital Corporation (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. The company had revenue of $9.63 million for the quarter, compared to analysts’ expectations of $10.30 million. Equities analysts expect that Gladstone Capital Corporation will post $0.78 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend was Thursday, August 17th. Gladstone Capital Corporation’s dividend payout ratio is currently 62.22%.
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Several large investors have recently made changes to their positions in the company. HL Financial Services LLC bought a new stake in shares of Gladstone Capital Corporation during the first quarter worth about $106,000. CIBC World Markets Inc. bought a new stake in shares of Gladstone Capital Corporation during the second quarter worth about $114,000. WFG Advisors LP boosted its stake in shares of Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after buying an additional 327 shares in the last quarter. First Financial Equity Corporation bought a new stake in shares of Gladstone Capital Corporation during the first quarter worth about $135,000. Finally, Eagle Global Advisors LLC bought a new stake in shares of Gladstone Capital Corporation during the first quarter worth about $137,000. Institutional investors own 14.48% of the company’s stock.
A number of equities analysts have recently commented on the stock. National Securities reissued a “sell” rating and issued a $8.00 price target on shares of Gladstone Capital Corporation in a research report on Monday, May 8th. Zacks Investment Research raised shares of Gladstone Capital Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, May 9th. Finally, BidaskClub lowered shares of Gladstone Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Gladstone Capital Corporation has a consensus rating of “Hold” and an average target price of $9.56.
Gladstone Capital Corporation Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding 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 believes can grow over time to permit it to sell its equity investments for capital gains.
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