Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on August 18th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.15 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, August 18th.

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 annually for the last 4 consecutive 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 tumble. Equities 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 Trading Down 1.2%

GLAD stock opened at $19.76 on Friday. The stock’s 50 day simple moving average is $19.31 and its 200 day simple moving average is $18.92. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $27.31. The firm has a market cap of $446.44 million, a P/E ratio of 9.59 and a beta of 0.92.

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

Hedge Funds Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently modified their holdings of the company. Miller Global Investments LLC acquired a new stake in shares of Gladstone Capital in the 2nd quarter worth about $311,000. Sunbelt Securities Inc. bought a new stake in Gladstone Capital in the 1st quarter valued at about $142,000. Entropy Technologies LP acquired a new position in Gladstone Capital during the 1st quarter valued at about $179,000. Virtu Financial LLC acquired a new position in Gladstone Capital during the 4th quarter valued at about $213,000. Finally, Virtus Investment Advisers LLC grew its position in Gladstone Capital by 60.5% in the 4th quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock worth $587,000 after purchasing an additional 10,703 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Company 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.