Gladstone Capital (NASDAQ:GLAD) Shares Pass Above 200-Day Moving Average – Time to Sell?

Gladstone Capital Corporation (NASDAQ:GLAD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.13 and traded as high as $19.95. Gladstone Capital shares last traded at $19.82, with a volume of 141,413 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Gladstone Capital currently has an average rating of “Hold” and an average price target of $21.67.

Gladstone Capital Trading Up 0.7%

The firm has a market cap of $450.22 million, a price-to-earnings ratio of 10.89 and a beta of 0.92. The company has a fifty day moving average price of $19.27 and a 200-day moving average price of $19.13.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. As a group, research analysts forecast that Gladstone Capital Corporation will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.36%.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors have recently made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in Gladstone Capital during the fourth quarter worth $36,000. WFA of San Diego LLC purchased a new position in Gladstone Capital in the second quarter valued at $42,000. JPMorgan Chase & Co. purchased a new position in Gladstone Capital in the second quarter valued at $46,000. Larson Financial Group LLC raised its position in shares of Gladstone Capital by 380.0% in the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after acquiring an additional 1,900 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Gladstone Capital in the third quarter worth about $74,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

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.