Axxcess Wealth Management LLC Boosts Holdings in Gladstone Capital Co. (NASDAQ:GLAD)

Axxcess Wealth Management LLC boosted its position in Gladstone Capital Co. (NASDAQ:GLADGet Rating) by 54.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,652 shares of the investment management company’s stock after buying an additional 13,288 shares during the period. Axxcess Wealth Management LLC’s holdings in Gladstone Capital were worth $380,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC boosted its position in shares of Gladstone Capital by 9.5% during the 1st quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management company’s stock worth $135,000 after purchasing an additional 1,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Gladstone Capital by 13.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,725 shares of the investment management company’s stock worth $161,000 after purchasing an additional 1,596 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Gladstone Capital by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 186,244 shares of the investment management company’s stock worth $1,879,000 after purchasing an additional 1,830 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Gladstone Capital by 20.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 12,508 shares of the investment management company’s stock worth $157,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Claraphi Advisory Network LLC boosted its position in shares of Gladstone Capital by 11.5% during the 2nd quarter. Claraphi Advisory Network LLC now owns 28,312 shares of the investment management company’s stock worth $286,000 after purchasing an additional 2,927 shares in the last quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLAD has been the topic of several research analyst reports. StockNews.com lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 16th. TheStreet lowered shares of Gladstone Capital from a “b” rating to a “c+” rating in a research report on Wednesday, August 17th.

Gladstone Capital Price Performance

Gladstone Capital stock opened at $10.34 on Thursday. Gladstone Capital Co. has a 52 week low of $8.21 and a 52 week high of $12.78. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $9.36 and its 200 day simple moving average is $10.16. The firm has a market capitalization of $363.24 million, a PE ratio of 17.83 and a beta of 1.30.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 20th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 19th. This represents a $0.84 annualized dividend and a dividend yield of 8.12%. Gladstone Capital’s dividend payout ratio is presently 144.83%.

Gladstone Capital Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Gladstone Capital (NASDAQ:GLAD)

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