Advisors Asset Management Inc. trimmed its position in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 92.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,302 shares of the investment management company’s stock after selling 199,463 shares during the period. Advisors Asset Management Inc. owned 0.06% of Gladstone Capital worth $2,774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GLAD. JPMorgan Chase & Co. raised its position in shares of Gladstone Capital by 8.0% during the 1st quarter. JPMorgan Chase & Co. now owns 91,192 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 6,792 shares during the period. GSA Capital Partners LLP raised its position in shares of Gladstone Capital by 57.1% during the 1st quarter. GSA Capital Partners LLP now owns 139,527 shares of the investment management company’s stock valued at $1,200,000 after purchasing an additional 50,700 shares during the period. LPL Financial LLC raised its position in shares of Gladstone Capital by 14.0% during the 1st quarter. LPL Financial LLC now owns 197,186 shares of the investment management company’s stock valued at $1,696,000 after purchasing an additional 24,261 shares during the period. Millennium Management LLC bought a new stake in shares of Gladstone Capital during the 1st quarter valued at $568,000. Finally, Legal & General Group Plc raised its position in shares of Gladstone Capital by 15.9% during the 1st quarter. Legal & General Group Plc now owns 95,543 shares of the investment management company’s stock valued at $823,000 after purchasing an additional 13,106 shares during the period. Hedge funds and other institutional investors own 11.83% of the company’s stock.

Shares of NASDAQ GLAD opened at $9.55 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market capitalization of $267.45 million, a price-to-earnings ratio of 11.39 and a beta of 1.12. Gladstone Capital Co. has a 52-week low of $7.80 and a 52-week high of $9.92.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Tuesday, July 31st. The investment management company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $12.38 million for the quarter, compared to the consensus estimate of $11.62 million. Gladstone Capital had a net margin of 75.38% and a return on equity of 9.84%. equities analysts forecast that Gladstone Capital Co. will post 0.86 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 19th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, September 18th. This represents a $0.84 dividend on an annualized basis and a yield of 8.80%. Gladstone Capital’s dividend payout ratio is currently 100.00%.

GLAD has been the topic of several recent analyst reports. National Securities restated a “neutral” rating and set a $8.00 price objective on shares of Gladstone Capital in a research report on Monday, August 6th. ValuEngine upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. BidaskClub downgraded shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Zacks Investment Research upgraded shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, August 2nd. Finally, TheStreet upgraded shares of Gladstone Capital from a “c+” rating to a “b-” rating in a research report on Tuesday, July 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.47.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in debt investments in senior loans, second lien loans, senior subordinated 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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