Short Interest in Gladstone Capital Co. (NASDAQ:GLAD) Declines By 32.3%

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 368,400 shares, a drop of 32.3% from the February 29th total of 544,000 shares. Based on an average daily volume of 263,600 shares, the short-interest ratio is presently 1.4 days.

Gladstone Capital Price Performance

Shares of GLAD traded up $0.14 during trading hours on Friday, hitting $10.73. The stock had a trading volume of 245,896 shares, compared to its average volume of 221,877. The stock has a market capitalization of $466.85 million, a price-to-earnings ratio of 7.45 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05. The company’s fifty day moving average is $10.36 and its two-hundred day moving average is $10.22. Gladstone Capital has a 52 week low of $9.11 and a 52 week high of $11.28.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $23.22 million during the quarter, compared to analyst estimates of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. On average, analysts anticipate that Gladstone Capital will post 1.1 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $0.99 dividend on an annualized basis and a yield of 9.23%. Gladstone Capital’s dividend payout ratio (DPR) is presently 68.75%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Thursday.

Hedge Funds Weigh In On Gladstone Capital

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Gladstone Capital during the second quarter valued at approximately $3,878,000. International Assets Investment Management LLC boosted its position in Gladstone Capital by 1,319.3% in the 4th quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock valued at $3,673,000 after buying an additional 319,081 shares during the last quarter. Marshall Wace LLP bought a new position in Gladstone Capital in the 2nd quarter valued at $1,681,000. Quadrature Capital Ltd increased its stake in shares of Gladstone Capital by 841.0% in the 3rd quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after buying an additional 166,935 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of Gladstone Capital during the third quarter worth $1,226,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.