Gladstone Capital Corporation (GLAD) Position Raised by HL Financial Services LLC
HL Financial Services LLC increased its position in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 71.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,176 shares of the investment management company’s stock after buying an additional 8,000 shares during the period. HL Financial Services LLC’s holdings in Gladstone Capital Corporation were worth $189,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in GLAD. WFG Advisors LP increased its stake in Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after buying an additional 327 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of Gladstone Capital Corporation during the first quarter valued at about $137,000. Eqis Capital Management Inc. acquired a new stake in shares of Gladstone Capital Corporation during the first quarter valued at about $141,000. First Financial Equity Corporation acquired a new stake in shares of Gladstone Capital Corporation during the first quarter valued at about $135,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Gladstone Capital Corporation by 150.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 15,300 shares of the investment management company’s stock valued at $145,000 after buying an additional 9,200 shares during the period. Institutional investors and hedge funds own 15.63% of the company’s stock.
Shares of Gladstone Capital Corporation (NASDAQ:GLAD) opened at 9.69 on Thursday. Gladstone Capital Corporation has a one year low of $7.33 and a one year high of $10.12. The firm has a 50 day moving average price of $9.85 and a 200 day moving average price of $9.64.
Gladstone Capital Corporation (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. The firm had revenue of $9.63 million during the quarter, compared to analyst estimates of $10.30 million. On average, analysts forecast that Gladstone Capital Corporation will post $0.78 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 21st will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, August 17th. Gladstone Capital Corporation’s dividend payout ratio (DPR) is presently 62.22%.
GLAD has been the subject of several recent analyst reports. Zacks Investment Research upgraded Gladstone Capital Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, May 31st. BidaskClub downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. National Securities restated a “sell” rating and issued a $8.00 price target on shares of Gladstone Capital Corporation in a report on Monday, August 7th. Finally, Hilliard Lyons upgraded Gladstone Capital Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $8.50 to $9.25 in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Gladstone Capital Corporation presently has an average rating of “Hold” and a consensus target price of $9.56.
About Gladstone Capital Corporation
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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