Kovack Advisors Inc. Purchases 702 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Kovack Advisors Inc. lifted its holdings in Gladstone Capital Co. (NASDAQ:GLAD) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,867 shares of the investment management company’s stock after acquiring an additional 702 shares during the period. Kovack Advisors Inc.’s holdings in Gladstone Capital were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Capital during the 2nd quarter worth approximately $32,000. nVerses Capital LLC bought a new position in Gladstone Capital during the second quarter worth $37,000. Farther Finance Advisors LLC bought a new position in Gladstone Capital during the third quarter worth $44,000. PFS Partners LLC grew its holdings in Gladstone Capital by 156.0% in the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Finally, National Bank of Canada FI bought a new stake in Gladstone Capital in the second quarter valued at $98,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 target price for the company.

Gladstone Capital Trading Up 0.9 %

NASDAQ GLAD opened at $25.68 on Thursday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $25.90. The business has a 50 day moving average price of $24.06 and a 200-day moving average price of $23.27. The company has a market cap of $558.54 million, a price-to-earnings ratio of 8.56 and a beta of 1.25.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 7.71%. The ex-dividend date is Friday, December 20th. Gladstone Capital’s payout ratio is currently 66.00%.

Gladstone Capital 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.