Gladstone Capital Corporation $GLAD Shares Acquired by Miller Global Investments LLC

Miller Global Investments LLC boosted its stake in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 200.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,139 shares of the investment management company’s stock after purchasing an additional 32,136 shares during the quarter. Miller Global Investments LLC owned about 0.21% of Gladstone Capital worth $926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GLAD. Closed End Fund Advisors Inc. acquired a new stake in shares of Gladstone Capital during the 4th quarter worth about $551,000. Entropy Technologies LP acquired a new position in Gladstone Capital in the 1st quarter valued at about $179,000. Finally, Sunbelt Securities Inc. acquired a new position in Gladstone Capital in the 1st quarter valued at about $142,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Gladstone Capital presently has a consensus rating of “Hold” and an average price target of $21.67.

Gladstone Capital Stock Down 1.3%

Shares of GLAD traded down $0.26 during midday trading on Friday, reaching $19.15. 151,293 shares of the stock were exchanged, compared to its average volume of 188,866. Gladstone Capital Corporation has a twelve month low of $16.54 and a twelve month high of $21.90. The company has a market cap of $432.60 million, a P/E ratio of 9.30 and a beta of 0.94. The stock’s 50 day simple moving average is $19.52 and its 200 day simple moving average is $19.09.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The company had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. As a group, analysts predict that Gladstone Capital Corporation will post 1.99 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, September 16th. Shareholders of record on Thursday, September 10th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital’s payout ratio is currently 87.38%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.