Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on September 21st

Gladstone Capital Corporation (NASDAQ:GLADGet Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Monday, September 21st.

Gladstone Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Stock Performance

NASDAQ GLAD opened at $19.93 on Thursday. The firm has a market cap of $450.22 million, a PE ratio of 10.89 and a beta of 0.92. Gladstone Capital has a one year low of $16.54 and a one year high of $29.50. The firm’s fifty day moving average is $19.28 and its two-hundred day moving average is $19.13.

Gladstone Capital (NASDAQ:GLADGet Free Report) last announced its earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The business had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Research analysts predict that Gladstone Capital will post 2.01 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in Gladstone Capital by 18.0% in the fourth quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after purchasing an additional 41,484 shares during the period. Marshall Wace LLP increased its position in Gladstone Capital by 1.0% during the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock worth $2,279,000 after purchasing an additional 1,041 shares during the period. Two Sigma Investments LP raised its stake in shares of Gladstone Capital by 39.1% during the 3rd quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock worth $1,958,000 after buying an additional 25,181 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Gladstone Capital by 2.7% during the 4th quarter. Advisors Asset Management Inc. now owns 64,909 shares of the investment management company’s stock worth $1,341,000 after buying an additional 1,727 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in shares of Gladstone Capital by 15.7% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 60,644 shares of the investment management company’s stock valued at $1,253,000 after buying an additional 8,237 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

(Get Free Report)

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.

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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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