Van ECK Associates Corp grew its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 202,100 shares of the investment management company’s stock after acquiring an additional 5,304 shares during the quarter. Van ECK Associates Corp’s holdings in Gladstone Capital were worth $1,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GLAD. Legal & General Group Plc boosted 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. DnB Asset Management AS boosted its position in shares of Gladstone Capital by 10.3% during the second quarter. DnB Asset Management AS now owns 62,001 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 5,800 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gladstone Capital by 8.0% during the first quarter. JPMorgan Chase & Co. now owns 91,192 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 6,792 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its position in shares of Gladstone Capital by 10.3% during the second quarter. Mckinley Capital Management LLC Delaware now owns 149,260 shares of the investment management company’s stock valued at $1,343,000 after purchasing an additional 13,927 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Gladstone Capital by 14.0% during the first quarter. LPL Financial LLC now owns 197,186 shares of the investment management company’s stock valued at $1,696,000 after purchasing an additional 24,261 shares in the last quarter. 11.88% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital stock opened at $9.75 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.93 and a current ratio of 2.93. Gladstone Capital Co. has a 12 month low of $7.80 and a 12 month high of $9.92. The firm has a market capitalization of $269.95 million, a price-to-earnings ratio of 11.61 and a beta of 1.12.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Tuesday, July 31st. The investment management company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Gladstone Capital had a return on equity of 9.84% and a net margin of 75.38%. The business had revenue of $12.38 million for the quarter, compared to the consensus estimate of $11.62 million. research analysts predict that Gladstone Capital Co. will post 0.86 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 19th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.62%. The ex-dividend date is Tuesday, September 18th. Gladstone Capital’s dividend payout ratio (DPR) is 100.00%.

GLAD has been the topic of several research reports. ValuEngine lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. TheStreet upgraded Gladstone Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, July 10th. National Securities restated a “neutral” rating and set a $8.00 price target on shares of Gladstone Capital in a research report on Monday, August 6th. Finally, BidaskClub upgraded Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Gladstone Capital has a consensus rating of “Buy” and an average target price of $9.47.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in 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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Institutional Ownership by Quarter for Gladstone Capital (NASDAQ:GLAD)

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