Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on November 17th
Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be given a dividend of 0.07 per share by the investment management company on Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Friday, November 17th.
Shares of Gladstone Capital Corporation (GLAD) opened at $9.66 on Friday. Gladstone Capital Corporation has a fifty-two week low of $7.95 and a fifty-two week high of $10.12. The company has a current ratio of 10.52, a quick ratio of 10.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $252.27, a price-to-earnings ratio of 11.50 and a beta of 1.23.
A number of research firms have recently issued reports on GLAD. Ladenburg Thalmann Financial Services began coverage on shares of Gladstone Capital Corporation in a report on Friday, October 6th. They set a “neutral” rating for the company. Wedbush began coverage on shares of Gladstone Capital Corporation in a report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price objective for the company. National Securities reaffirmed a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital Corporation in a report on Tuesday, September 26th. Finally, BidaskClub raised shares of Gladstone Capital Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Gladstone Capital Corporation has an average rating of “Hold” and a consensus price target of $9.16.
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In other Gladstone Capital Corporation news, President Robert L. Marcotte purchased 4,000 shares of the stock in a transaction on Thursday, August 31st. The stock was acquired at an average cost of $9.22 per share, with a total value of $36,880.00. Following the completion of the purchase, the president now directly owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.45% of the company’s stock.
Gladstone Capital Corporation Company Profile
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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