Gladstone Capital (NASDAQ:GLAD) Reaches New 12-Month High – Should You Buy?

Gladstone Capital Co. (NASDAQ:GLAD)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.60 and last traded at $28.46, with a volume of 23038 shares changing hands. The stock had previously closed at $28.32.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price objective for the company.

Gladstone Capital Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a fifty day simple moving average of $26.54 and a 200-day simple moving average of $24.53. The company has a market capitalization of $635.07 million, a price-to-earnings ratio of 7.48 and a beta of 1.28.

Gladstone Capital Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.40 dividend. This is a boost from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 4th. Gladstone Capital’s payout ratio is currently 52.11%.

Insider Activity at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the transaction, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.08% of the stock is owned by company insiders.

Institutional Trading of Gladstone Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Kovack Advisors Inc. grew its stake in Gladstone Capital by 2.0% in the 3rd quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock valued at $863,000 after acquiring an additional 702 shares during the period. PFS Partners LLC lifted its holdings in Gladstone Capital by 156.0% during the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Gladstone Capital in the second quarter valued at about $32,000. nVerses Capital LLC purchased a new stake in shares of Gladstone Capital during the second quarter worth about $37,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Gladstone Capital during the 3rd quarter worth about $44,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.