Gladstone Capital (NASDAQ:GLAD) Hits New 1-Year High – Should You Buy?

Gladstone Capital Co. (NASDAQ:GLAD) hit a new 52-week high on Tuesday . The company traded as high as $30.37 and last traded at $30.26, with a volume of 26235 shares traded. The stock had previously closed at $29.99.

Wall Street Analysts Forecast Growth

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

Gladstone Capital Price Performance

The stock’s 50-day moving average is $28.14 and its 200 day moving average is $25.30. 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 company has a market cap of $677.05 million, a PE ratio of 7.98 and a beta of 1.27.

Gladstone Capital Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 27th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s payout ratio is 52.11%.

Insider Activity at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Gladstone Capital in the second quarter worth about $32,000. Farther Finance Advisors LLC acquired a new position in Gladstone Capital in the 3rd quarter worth approximately $44,000. PFS Partners LLC raised its position in Gladstone Capital by 156.0% during the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after buying an additional 1,200 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Gladstone Capital during the 4th quarter valued at approximately $92,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Gladstone Capital in the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

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.