Bob Marcotte Sells 15,500 Shares of Gladstone Capital Co. (NASDAQ:GLAD) Stock

Gladstone Capital Co. (NASDAQ:GLAD) President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gladstone Capital Price Performance

GLAD opened at $27.90 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $623.01 million, a PE ratio of 7.34 and a beta of 1.28. The stock’s 50 day moving average price is $25.68 and its 200-day moving average price is $24.04. Gladstone Capital Co. has a 52-week low of $19.20 and a 52-week high of $28.09.

Gladstone Capital Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio is 52.11%.

Analysts Set New Price Targets

Separately, B. Riley started coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price objective for the company.

Institutional Investors Weigh In On Gladstone Capital

A number of large investors have recently modified their holdings of GLAD. Jane Street Group LLC purchased a new stake in Gladstone Capital in the third quarter worth about $485,000. Quantbot Technologies LP bought a new position in shares of Gladstone Capital in the 3rd quarter worth approximately $105,000. D.A. Davidson & CO. lifted its stake in shares of Gladstone Capital by 8.7% in the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 8,891 shares during the period. Kovack Advisors Inc. boosted its position in shares of Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock valued at $863,000 after purchasing an additional 702 shares in the last quarter. Finally, PFS Partners LLC raised 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 in the last quarter. Institutional investors own 10.72% of the company’s stock.

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.