Gladstone Capital Co. (NASDAQ:GLAD) Plans $0.17 Monthly Dividend

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Wednesday, June 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, June 28th. This represents a $1.98 annualized dividend and a yield of 9.68%. The ex-dividend date of this dividend is Tuesday, June 18th.

Gladstone Capital has increased its dividend by an average of 6.5% annually over the last three years. Gladstone Capital has a dividend payout ratio of 90.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Gladstone Capital to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 90.8%.

Gladstone Capital Trading Up 0.3 %

Shares of NASDAQ GLAD opened at $20.46 on Wednesday. The company’s 50 day simple moving average is $20.47 and its 200 day simple moving average is $20.49. Gladstone Capital has a fifty-two week low of $18.38 and a fifty-two week high of $22.56. The firm has a market capitalization of $445.01 million, a P/E ratio of 7.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, February 5th. The investment management company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The firm had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. On average, analysts predict that Gladstone Capital will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Gladstone Capital

Large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in shares of Gladstone Capital by 7.1% during the fourth quarter. Legal & General Group Plc now owns 293,169 shares of the investment management company’s stock worth $3,135,000 after acquiring an additional 19,472 shares in the last quarter. Royal Bank of Canada increased its position in shares of Gladstone Capital by 13.3% during the fourth quarter. Royal Bank of Canada now owns 50,160 shares of the investment management company’s stock worth $537,000 after acquiring an additional 5,903 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of Gladstone Capital during the fourth quarter worth $40,000. UBS Group AG increased its position in shares of Gladstone Capital by 125.7% during the fourth quarter. UBS Group AG now owns 28,044 shares of the investment management company’s stock worth $300,000 after acquiring an additional 15,619 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Gladstone Capital during the third quarter worth $459,000. Institutional investors own 10.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.