Gladstone Capital Corp. (GLAD) To Go Ex-Dividend on October 19th
Gladstone Capital Corp. (NASDAQ:GLAD) announced a oct 16 dividend on Tuesday, October 11th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.07 per share by the investment management company on Monday, October 31st. This represents a yield of 10.21%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of Gladstone Capital Corp. (NASDAQ:GLAD) opened at 8.33 on Tuesday. Gladstone Capital Corp. has a 52 week low of $4.71 and a 52 week high of $9.05. The firm’s 50-day moving average price is $8.27 and its 200 day moving average price is $7.76.
Gladstone Capital Corp. (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, August 3rd. The investment management company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital Corp. had a negative net margin of 35.47% and a positive return on equity of 10.58%. On average, equities analysts expect that Gladstone Capital Corp. will post $0.84 EPS for the current year.
In other Gladstone Capital Corp. news, President Robert L. Marcotte acquired 6,000 shares of Gladstone Capital Corp. stock in a transaction that occurred on Monday, August 22nd. The stock was bought at an average price of $8.52 per share, with a total value of $51,120.00. Following the completion of the purchase, the president now directly owns 290,758 shares of the company’s stock, valued at approximately $2,477,258.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Terry Lee Brubaker sold 20,876 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $8.39, for a total transaction of $175,149.64. Following the completion of the transaction, the chief operating officer now directly owns 109,610 shares of the company’s stock, valued at approximately $919,627.90. The disclosure for this sale can be found here. 6.49% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Gladstone Capital Corp. by 12.9% in the second quarter. Van ECK Associates Corp now owns 108,111 shares of the investment management company’s stock worth $783,000 after buying an additional 12,335 shares during the period. Nuveen Fund Advisors LLC purchased a new position in Gladstone Capital Corp. during the second quarter valued at about $385,000. Janney Montgomery Scott LLC raised its position in Gladstone Capital Corp. by 126.7% in the second quarter. Janney Montgomery Scott LLC now owns 49,466 shares of the investment management company’s stock valued at $358,000 after buying an additional 27,650 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Gladstone Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 116,902 shares of the investment management company’s stock valued at $846,000 after buying an additional 14,874 shares in the last quarter. 9.34% of the stock is owned by institutional investors.
Several research firms have recently weighed in on GLAD. Zacks Investment Research raised shares of Gladstone Capital Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 5th. National Securities reaffirmed a “neutral” rating and set a $7.00 price target on shares of Gladstone Capital Corp. in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $7.31.
Gladstone Capital Corp. Company Profile
Gladstone Capital Corporation is an externally managed, closed-end and non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that will provide earnings and cash flow to pay expenses, which make principal and interest payments on its 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 can grow over time to permit customers to sell its equity investments for capital gains.
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