Gladstone Capital Corporation (NASDAQ:GLAD) Short Interest Down 14.6% in February

Gladstone Capital Corporation (NASDAQ:GLAD) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 422,117 shares, a decrease of 14.6% from the February 12th total of 494,337 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 209,138 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 209,138 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GLAD. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Finally, Jefferies Financial Group set a $21.00 target price on Gladstone Capital and gave the stock a “hold” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Gladstone Capital has a consensus rating of “Hold” and an average price target of $21.67.

Gladstone Capital Stock Performance

GLAD opened at $17.51 on Monday. The business’s fifty day moving average is $19.49 and its 200-day moving average is $20.63. The firm has a market cap of $395.55 million, a P/E ratio of 11.01 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.05 and a current ratio of 0.05. Gladstone Capital has a 52-week low of $17.50 and a 52-week high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $24.51 million during the quarter, compared to analysts’ expectations of $24.70 million. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%. Sell-side analysts expect that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Capital’s payout ratio is presently 113.21%.

Hedge Funds Weigh In On Gladstone Capital

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after purchasing an additional 456 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Gladstone Capital by 134.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,766 shares of the investment management company’s stock worth $48,000 after purchasing an additional 1,012 shares during the last quarter. Marshall Wace LLP lifted its holdings in Gladstone Capital by 1.0% during the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock worth $2,279,000 after buying an additional 1,041 shares during the period. CWM LLC lifted its holdings in Gladstone Capital by 89.2% during the 3rd quarter. CWM LLC now owns 2,246 shares of the investment management company’s stock worth $49,000 after buying an additional 1,059 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in shares of Gladstone Capital by 4.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 29,896 shares of the investment management company’s stock valued at $618,000 after buying an additional 1,222 shares during the last quarter. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.