Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be paid a dividend of 0.07 per share by the investment management company on Friday, December 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date is Monday, December 18th.

Shares of Gladstone Capital (NASDAQ GLAD) opened at $9.20 on Friday. The stock has a market cap of $245.01, a PE ratio of 10.95 and a beta of 1.21. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.42. Gladstone Capital has a 1 year low of $8.67 and a 1 year high of $10.12.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, November 20th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.72 million. Gladstone Capital had a net margin of 43.78% and a return on equity of 9.94%. analysts expect that Gladstone Capital will post 0.86 earnings per share for the current fiscal year.

In related news, President Robert L. Marcotte acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of $9.82 per share, with a total value of $78,560.00. Following the acquisition, the president now directly owns 381,770 shares in the company, valued at $3,748,981.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Walter H. Wilkinson acquired 6,134 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $9.79 per share, for a total transaction of $60,051.86. Following the acquisition, the director now owns 13,517 shares in the company, valued at $132,331.43. The disclosure for this purchase can be found here. 6.45% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Ladenburg Thalmann Financial Services assumed coverage on shares of Gladstone Capital in a report on Friday, October 6th. They set a “neutral” rating on the stock. Wedbush assumed coverage on shares of Gladstone Capital in a report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price objective on the stock. Finally, National Securities reissued a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.16.

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About Gladstone Capital

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.

Dividend History for Gladstone Capital (NASDAQ:GLAD)

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