Robert L. Marcotte Buys 8,000 Shares of Gladstone Capital Corporation (GLAD) Stock

Gladstone Capital Corporation (NASDAQ:GLAD) President Robert L. Marcotte acquired 8,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average cost of $9.82 per share, with a total value of $78,560.00. Following the transaction, the president now directly owns 381,770 shares in the company, valued at $3,748,981.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Gladstone Capital Corporation (NASDAQ GLAD) remained flat at $$9.75 during mid-day trading on Friday. The company’s stock had a trading volume of 143,164 shares, compared to its average volume of 104,342. The company has a market cap of $259.66, a PE ratio of 11.61 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.33 and a current ratio of 4.33. Gladstone Capital Corporation has a 1 year low of $8.31 and a 1 year high of $10.12.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, November 20th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. The company had revenue of $10.83 million during the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a return on equity of 9.94% and a net margin of 43.78%. equities research analysts forecast that Gladstone Capital Corporation will post 0.85 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be paid a $0.07 dividend. The ex-dividend date is Monday, December 18th. This represents a $0.84 dividend on an annualized basis and a yield of 8.62%. Gladstone Capital’s dividend payout ratio (DPR) is 125.37%.

GLAD has been the subject of a number of recent analyst reports. National Securities reissued a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital in a research report on Monday, August 7th. Wedbush initiated coverage on Gladstone Capital in a research report on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective for the company. Ladenburg Thalmann Financial Services initiated coverage on Gladstone Capital in a research report on Friday, October 6th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.16.

A number of hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in Gladstone Capital by 13.5% in the 2nd quarter. Van ECK Associates Corp now owns 221,397 shares of the investment management company’s stock worth $2,176,000 after acquiring an additional 26,262 shares during the last quarter. Bank of Montreal Can purchased a new position in Gladstone Capital in the 2nd quarter worth $1,946,000. Advisors Asset Management Inc. raised its stake in Gladstone Capital by 7.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 171,702 shares of the investment management company’s stock worth $1,688,000 after acquiring an additional 11,189 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Gladstone Capital in the 2nd quarter worth $1,200,000. Finally, GSA Capital Partners LLP raised its stake in Gladstone Capital by 193.0% in the 3rd quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after acquiring an additional 58,673 shares during the last quarter. Institutional investors own 14.45% of the company’s stock.

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About Gladstone Capital

Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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