Short Interest in Gladstone Capital Corporation (NASDAQ:GLAD) Decreases By 14.6%

Gladstone Capital Corporation (NASDAQ:GLAD) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 422,117 shares, a drop of 14.6% from the February 12th total of 494,337 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 209,138 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 209,138 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new stake in shares of Gladstone Capital in the 3rd quarter valued at $31,000. Garner Asset Management Corp bought a new position in Gladstone Capital during the fourth quarter valued at about $36,000. Steward Partners Investment Advisory LLC bought a new position in Gladstone Capital during the second quarter valued at about $37,000. WFA of San Diego LLC acquired a new stake in shares of Gladstone Capital in the second quarter worth about $42,000. Finally, Allworth Financial LP acquired a new stake in shares of Gladstone Capital in the second quarter worth about $46,000. Institutional investors own 10.72% of the company’s stock.

Analyst Ratings Changes

GLAD has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Wall Street Zen raised Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $26.00 to $22.00 in a report on Wednesday, November 19th. Jefferies Financial Group set a $21.00 price target on shares of Gladstone Capital and gave the stock a “hold” rating in a research report on Friday, February 6th. Finally, B. Riley Financial raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.67.

Gladstone Capital Stock Up 1.3%

GLAD traded up $0.23 during trading on Tuesday, reaching $18.03. 283,710 shares of the stock traded hands, compared to its average volume of 215,836. The stock’s 50-day simple moving average is $19.37 and its two-hundred day simple moving average is $20.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. Gladstone Capital has a fifty-two week low of $17.50 and a fifty-two week high of $29.50. The stock has a market cap of $407.30 million, a price-to-earnings ratio of 11.34 and a beta of 0.95.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%.The company had revenue of $24.51 million for the quarter, compared to analyst estimates of $24.70 million. As a group, equities research analysts expect that Gladstone Capital will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 10.0%. Gladstone Capital’s payout ratio is 113.21%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.