Gladstone Capital Co. (NASDAQ:GLAD) President Robert L. Marcotte bought 10,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $8.71 per share, for a total transaction of $87,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:GLAD traded down $0.30 during midday trading on Tuesday, hitting $8.61. 284,264 shares of the stock were exchanged, compared to its average volume of 119,037. The stock has a market cap of $261.39 million, a P/E ratio of 10.13 and a beta of 1.03. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.46. Gladstone Capital Co. has a 12 month low of $7.80 and a 12 month high of $9.92.

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 the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $11.26 million for the quarter, compared to the consensus estimate of $12.00 million. Gladstone Capital had a return on equity of 9.83% and a net margin of 41.00%. As a group, equities analysts forecast that Gladstone Capital Co. will post 0.89 EPS for the current year.

The company also recently declared a dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 19th. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.

Several analysts have recently weighed in on the company. BidaskClub upgraded Gladstone Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. National Securities restated a “sell” rating and set a $7.00 price target on shares of Gladstone Capital in a report on Friday. Finally, Zacks Investment Research cut Gladstone Capital from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of Gladstone Capital by 6.1% in the third quarter. Bank of Montreal Can now owns 260,000 shares of the investment management company’s stock worth $2,470,000 after acquiring an additional 15,000 shares during the period. Millennium Management LLC acquired a new position in shares of Gladstone Capital in the first quarter worth approximately $568,000. Novare Capital Management LLC lifted its stake in shares of Gladstone Capital by 37.0% in the third quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock worth $311,000 after acquiring an additional 8,850 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Gladstone Capital by 5.3% in the third quarter. Cornerstone Wealth Management LLC now owns 239,268 shares of the investment management company’s stock worth $25,054,000 after acquiring an additional 12,030 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Gladstone Capital by 15.9% in the first quarter. Legal & General Group Plc now owns 95,543 shares of the investment management company’s stock worth $823,000 after acquiring an additional 13,106 shares during the period. 11.97% of the stock is currently owned by institutional investors.

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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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