Gladstone Capital Co. (NASDAQ:GLAD) Declares Monthly Dividend of $0.17

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.165 per share by the investment management company on Tuesday, April 30th. This represents a $1.98 annualized dividend and a dividend yield of 9.60%. The ex-dividend date of this dividend is Thursday, April 18th.

Gladstone Capital has raised its dividend payment by an average of 6.5% annually over the last three years. Gladstone Capital has a dividend payout ratio of 90.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gladstone Capital to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 90.8%.

Gladstone Capital Trading Up 0.8 %

Shares of GLAD stock traded up $0.16 during trading hours on Wednesday, hitting $20.62. 214,603 shares of the company were exchanged, compared to its average volume of 150,865. The firm has a market cap of $448.49 million, a PE ratio of 7.17 and a beta of 1.25. Gladstone Capital has a 1 year low of $18.38 and a 1 year high of $22.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $20.47 and a 200 day moving average of $20.49.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, February 5th. The investment management company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $23.22 million for the quarter, compared to analysts’ expectations of $23.39 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. Analysts expect that Gladstone Capital will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Trading of Gladstone Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in Gladstone Capital during the 2nd quarter worth approximately $36,000. Money Concepts Capital Corp acquired a new stake in Gladstone Capital during the 4th quarter worth approximately $36,000. Garner Asset Management Corp acquired a new stake in Gladstone Capital during the 4th quarter worth approximately $40,000. BNP Paribas Arbitrage SA increased its position in Gladstone Capital by 230.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock worth $51,000 after purchasing an additional 2,999 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC acquired a new stake in Gladstone Capital during the 2nd quarter worth approximately $78,000. Institutional investors and hedge funds own 10.72% of the company’s 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.