PFG Advisors bought a new stake in Gladstone Capital Co. (NASDAQ:GLAD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,300 shares of the investment management company’s stock, valued at approximately $90,000.
A number of other institutional investors and hedge funds have also modified their holdings of GLAD. TCI Wealth Advisors Inc. increased its stake in shares of Gladstone Capital by 53.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 25,082 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 8,733 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Gladstone Capital in the third quarter valued at approximately $256,000. D.A. Davidson & CO. increased its stake in shares of Gladstone Capital by 75.7% in the fourth quarter. D.A. Davidson & CO. now owns 66,467 shares of the investment management company’s stock valued at $485,000 after purchasing an additional 28,641 shares during the period. Summit Global Investments acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at approximately $630,000. Finally, Global Strategic Management Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter valued at approximately $690,000. Institutional investors own 11.80% of the company’s stock.
A number of research firms recently commented on GLAD. ValuEngine upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. National Securities reiterated a “sell” rating and set a $7.00 price objective on shares of Gladstone Capital in a research note on Monday, February 11th. BidaskClub lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.00.
Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, February 6th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The company had revenue of $11.91 million during the quarter, compared to analyst estimates of $12.13 million. Gladstone Capital had a net margin of 16.68% and a return on equity of 9.99%. Equities research analysts expect that Gladstone Capital Co. will post 0.86 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.03%. Gladstone Capital’s dividend payout ratio is currently 98.82%.
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Gladstone Capital 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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