Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 14.5% in July

Gladstone Capital Co. (NASDAQ:GLAD) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 403,900 shares, a decrease of 14.5% from the June 30th total of 472,500 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 106,200 shares, the days-to-cover ratio is presently 3.8 days.

Gladstone Capital Stock Performance

Shares of Gladstone Capital stock traded down $0.06 on Wednesday, reaching $23.90. 123,404 shares of the company traded hands, compared to its average volume of 128,657. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $519.83 million, a PE ratio of 8.66 and a beta of 1.26. The company has a 50 day moving average of $23.19 and a 200 day moving average of $21.78. Gladstone Capital has a 52 week low of $18.40 and a 52 week high of $24.73.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). The firm had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. During the same period in the prior year, the business earned $0.52 earnings per share. Equities analysts forecast that Gladstone Capital will post 2.11 earnings per share for the current year.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend is Friday, September 20th. Gladstone Capital’s dividend payout ratio (DPR) is currently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after purchasing an additional 319,081 shares in the last quarter. TrueMark Investments LLC bought a new stake in Gladstone Capital during the 2nd quarter valued at $1,451,000. Koshinski Asset Management Inc. lifted its position in shares of Gladstone Capital by 70.5% during the fourth quarter. Koshinski Asset Management Inc. now owns 58,260 shares of the investment management company’s stock worth $623,000 after acquiring an additional 24,092 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in Gladstone Capital by 17.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 149,320 shares of the investment management company’s stock worth $1,598,000 after acquiring an additional 22,156 shares during the period. Finally, Trexquant Investment LP increased its holdings in shares of Gladstone Capital by 30.1% in the fourth quarter. Trexquant Investment LP now owns 85,407 shares of the investment management company’s stock worth $914,000 after buying an additional 19,781 shares during the period. 10.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th.

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.