Gladstone Capital Co. (NASDAQ:GLAD) President Sells $423,925.00 in Stock

Gladstone Capital Co. (NASDAQ:GLAD) President Bob Marcotte sold 15,500 shares of the firm’s stock in a transaction dated 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 owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Gladstone Capital Stock Up 0.9 %

Shares of GLAD stock traded up $0.24 on Wednesday, hitting $27.53. The stock had a trading volume of 117,241 shares, compared to its average volume of 128,331. Gladstone Capital Co. has a 12-month low of $19.20 and a 12-month high of $28.09. The stock has a market cap of $614.74 million, a price-to-earnings ratio of 7.18 and a beta of 1.27. 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 business has a 50 day moving average of $25.47 and a 200 day moving average of $23.95.

Gladstone Capital Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.40 per share. This is a boost from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 4th. Gladstone Capital’s payout ratio is presently 52.11%.

Institutional Investors Weigh In On Gladstone Capital

Large investors have recently added to or reduced their stakes in the company. Kovack Advisors Inc. increased its stake in shares of Gladstone Capital by 2.0% in the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after buying an additional 702 shares during the period. PFS Partners LLC lifted its stake in shares of Gladstone Capital by 156.0% in the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Gladstone Capital in the second quarter worth about $32,000. nVerses Capital LLC bought a new stake in shares of Gladstone Capital during the 2nd quarter valued at $37,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Gladstone Capital in the third quarter worth about $44,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Wall Street Analyst Weigh In

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