Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Update

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 628,600 shares, an increase of 34.0% from the September 15th total of 469,000 shares. Based on an average daily trading volume, of 124,100 shares, the short-interest ratio is currently 5.1 days. Approximately 3.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kovack Advisors Inc. lifted its stake in shares of Gladstone Capital by 1.2% in the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock valued at $747,000 after purchasing an additional 856 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at about $32,000. nVerses Capital LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at about $37,000. Atomi Financial Group Inc. lifted its stake in shares of Gladstone Capital by 10.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock valued at $298,000 after purchasing an additional 2,612 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at about $98,000. 10.72% of the stock is owned by institutional investors and hedge funds.

Gladstone Capital Trading Up 0.7 %

NASDAQ:GLAD traded up $0.18 during mid-day trading on Tuesday, reaching $24.65. The company’s stock had a trading volume of 97,721 shares, compared to its average volume of 128,389. The company’s fifty day simple moving average is $23.24 and its two-hundred day simple moving average is $22.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.02 and a quick ratio of 0.02. Gladstone Capital has a twelve month low of $18.56 and a twelve month high of $24.79. The stock has a market cap of $536.24 million, a P/E ratio of 8.93 and a beta of 1.26.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The firm had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. On average, equities analysts predict that Gladstone Capital will post 2.14 EPS for the current year.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 8.03%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Capital’s dividend payout ratio is currently 71.74%.

About Gladstone Capital

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.