Gladstone Capital Co. (NASDAQ:GLAD) President Robert L. Marcotte acquired 12,000 shares of the company’s stock in a transaction on Friday, December 7th. The stock was acquired at an average cost of $8.33 per share, for a total transaction of $99,960.00. Following the completion of the purchase, the president now directly owns 460,037 shares of the company’s stock, valued at approximately $3,832,108.21. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of GLAD traded up $0.10 during trading hours on Friday, reaching $8.50. 123,252 shares of the stock traded hands, compared to its average volume of 161,778. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.67 and a quick ratio of 3.67. Gladstone Capital Co. has a 52 week low of $7.80 and a 52 week high of $9.92. The firm has a market capitalization of $239.44 million, a P/E ratio of 9.88 and a beta of 0.98.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, November 14th. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Gladstone Capital had a net margin of 41.00% and a return on equity of 9.83%. The firm had revenue of $11.26 million for the quarter, compared to the consensus estimate of $12.00 million. On average, equities research analysts expect that Gladstone Capital Co. will post 0.85 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Monday, December 31st. Investors of record on Thursday, December 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, December 19th. Gladstone Capital’s payout ratio is currently 98.82%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Koshinski Asset Management Inc. bought a new position in shares of Gladstone Capital during the third quarter valued at about $256,000. Novare Capital Management LLC lifted its position in shares of Gladstone Capital by 37.0% during the third quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 8,850 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Gladstone Capital by 18.5% during the second quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock valued at $398,000 after purchasing an additional 6,900 shares in the last quarter. Millennium Management LLC bought a new position in shares of Gladstone Capital during the first quarter valued at about $568,000. Finally, Legal & General Group Plc lifted its position in shares of Gladstone Capital by 5.4% during the second quarter. Legal & General Group Plc now owns 100,746 shares of the investment management company’s stock valued at $909,000 after purchasing an additional 5,203 shares in the last quarter. 11.87% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on GLAD. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Wednesday. National Securities reaffirmed a “sell” rating and issued a $7.00 price objective on shares of Gladstone Capital in a research note on Friday, November 16th. Finally, BidaskClub raised shares of Gladstone Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Gladstone Capital currently has a consensus rating of “Hold” and a consensus price target of $9.00.
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Gladstone Capital Company Profile
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated 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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