Gladstone Capital Co. (NASDAQ:GLAD) Shares Acquired by Axxcess Wealth Management LLC

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

A number of other institutional investors have also modified their holdings of GLAD. JPMorgan Chase & Co. purchased a new position in Gladstone Capital in the 2nd quarter valued at $36,000. BNP Paribas Arbitrage SA grew its position in Gladstone Capital by 230.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock valued at $51,000 after buying an additional 2,999 shares during the last quarter. Private Advisor Group LLC grew its position in Gladstone Capital by 9.5% in the 1st quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Blair William & Co. IL purchased a new position in Gladstone Capital in the 1st quarter valued at $136,000. Finally, Great West Life Assurance Co. Can grew its position in Gladstone Capital by 20.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 12,508 shares of the investment management company’s stock valued at $157,000 after buying an additional 2,096 shares during the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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

Shares of NASDAQ GLAD opened at $10.34 on Thursday. The firm has a market capitalization of $363.24 million, a P/E ratio of 17.83 and a beta of 1.30. Gladstone Capital Co. has a one year low of $8.21 and a one year high of $12.78. The company’s fifty day moving average is $9.36 and its two-hundred day moving average is $10.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital Dividend Announcement

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

Gladstone Capital Company 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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