Prospera Financial Services Inc raised its stake in Gladstone Capital Corp. (NASDAQ:GLAD) by 8.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,500 shares of the investment management company’s stock after buying an additional 2,500 shares during the period. Prospera Financial Services Inc’s holdings in Gladstone Capital Corp. were worth $243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sigma Planning Corp purchased a new position in shares of Gladstone Capital Corp. during the second quarter valued at $212,000. Legal & General Group Plc boosted its position in shares of Gladstone Capital Corp. by 29.0% in the first quarter. Legal & General Group Plc now owns 46,532 shares of the investment management company’s stock valued at $347,000 after buying an additional 10,452 shares in the last quarter. BlackRock Group LTD boosted its position in shares of Gladstone Capital Corp. by 18.7% in the first quarter. BlackRock Group LTD now owns 102,028 shares of the investment management company’s stock valued at $760,000 after buying an additional 16,044 shares in the last quarter. LPL Financial LLC boosted its position in shares of Gladstone Capital Corp. by 4.3% in the first quarter. LPL Financial LLC now owns 290,023 shares of the investment management company’s stock valued at $2,117,000 after buying an additional 11,897 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Gladstone Capital Corp. by 3.1% in the first quarter. UBS Group AG now owns 422,393 shares of the investment management company’s stock valued at $3,147,000 after buying an additional 12,855 shares in the last quarter. 9.34% of the stock is owned by institutional investors.
Gladstone Capital Corp. (NASDAQ:GLAD) remained flat at $7.93 during trading on Monday. 53,010 shares of the company’s stock traded hands. The firm’s 50-day moving average is $8.39 and its 200-day moving average is $7.67. Gladstone Capital Corp. has a 1-year low of $4.71 and a 1-year high of $9.09.
Gladstone Capital Corp. (NASDAQ:GLAD) last posted its earnings results on Wednesday, August 3rd. The investment management company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital Corp. had a positive return on equity of 10.58% and a negative net margin of 35.47%. On average, equities research analysts predict that Gladstone Capital Corp. will post $0.84 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were given a $0.07 dividend. The ex-dividend date was Thursday, August 18th. This represents a $0.84 annualized dividend and a yield of 10.58%. Gladstone Capital Corp.’s payout ratio is -147.37%.
Several research analysts recently weighed in on GLAD shares. Zacks Investment Research cut Gladstone Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. National Securities reaffirmed a “neutral” rating and set a $7.00 target price on shares of Gladstone Capital Corp. in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating, Gladstone Capital Corp. presently has a consensus rating of “Hold” and a consensus price target of $7.31.
In other Gladstone Capital Corp. news, COO Terry Lee Brubaker sold 20,876 shares of Gladstone Capital Corp. stock in a transaction on Monday, August 15th. The stock was sold at an average price of $8.39, for a total value of $175,149.64. Following the completion of the transaction, the chief operating officer now owns 109,610 shares in the company, valued at approximately $919,627.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Robert L. Marcotte acquired 8,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of $8.35 per share, with a total value of $66,800.00. Following the transaction, the president now owns 286,758 shares in the company, valued at approximately $2,394,429.30. The disclosure for this purchase can be found here. 6.49% of the stock is owned by company insiders.
About Gladstone Capital Corp.
Gladstone Capital Corporation is an externally managed, closed-end and non-diversified management investment company. The Company’s investment objectives are to achieve and grow current income by investing in debt securities of established businesses that will provide earnings and cash flow to pay expenses, which make principal and interest payments on its 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 can grow over time to permit customers to sell its equity investments for capital gains.
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