Gladstone Capital Co. (NASDAQ:GLAD – Get Free Report) shares hit a new 52-week high during trading on Tuesday after the company announced a dividend. The company traded as high as $24.75 and last traded at $24.75, with a volume of 47956 shares trading hands. The stock had previously closed at $24.47.
The newly announced dividend which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 8.00%. The ex-dividend date is Friday, December 20th. Gladstone Capital’s dividend payout ratio (DPR) is currently 71.74%.
Gladstone Capital Stock Performance
The business has a fifty day moving average of $23.20 and a 200 day moving average of $22.67. The company has a market cap of $538.19 million, a P/E ratio of 8.87 and a beta of 1.26. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC bought a new position in shares of Gladstone Capital in the 2nd quarter worth about $1,723,000. Kovack Advisors Inc. increased its stake in shares of Gladstone Capital by 1.2% during the first quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock valued at $747,000 after purchasing an additional 856 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of Gladstone Capital during the second quarter valued at approximately $1,451,000. Atomi Financial Group Inc. boosted its position in shares of Gladstone Capital by 10.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of Gladstone Capital in the 1st quarter worth approximately $69,000. Institutional investors own 10.72% of the company’s stock.
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.
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