UBS Group AG Raises Stake in Gladstone Capital Corporation $GLAD

UBS Group AG increased its holdings in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 18.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 271,702 shares of the investment management company’s stock after purchasing an additional 41,484 shares during the quarter. UBS Group AG’s holdings in Gladstone Capital were worth $5,613,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its stake in Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after buying an additional 456 shares during the period. Focus Partners Wealth purchased a new position in shares of Gladstone Capital in the 1st quarter valued at $220,000. Cetera Investment Advisers raised its stake in shares of Gladstone Capital by 43.0% in the 2nd quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock valued at $572,000 after acquiring an additional 6,385 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Gladstone Capital during the 2nd quarter valued at $46,000. Finally, Quantbot Technologies LP boosted its position in Gladstone Capital by 52.7% during the 2nd quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GLAD. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Finally, Jefferies Financial Group set a $21.00 target price on Gladstone Capital and gave the stock a “hold” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Gladstone Capital has an average rating of “Hold” and a consensus price target of $21.67.

Gladstone Capital Trading Down 0.4%

NASDAQ GLAD opened at $18.92 on Thursday. The stock has a market cap of $427.40 million, a P/E ratio of 10.34 and a beta of 0.92. The company’s fifty day simple moving average is $18.37 and its 200-day simple moving average is $19.44. Gladstone Capital Corporation has a 52 week low of $16.54 and a 52 week high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The business had revenue of $25.99 million during the quarter, compared to analyst estimates of $25.19 million. On average, research analysts expect that Gladstone Capital Corporation will post 2.01 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.5%. Gladstone Capital’s dividend payout ratio is currently 98.36%.

Gladstone Capital Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.