Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 7.9% in November

Gladstone Capital Co. (NASDAQ:GLAD) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 728,700 shares, a decrease of 7.9% from the November 15th total of 791,200 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 129,900 shares, the short-interest ratio is presently 5.6 days.

Gladstone Capital Stock Up 1.5 %

GLAD stock opened at $27.86 on Wednesday. The stock has a 50-day simple moving average of $25.75 and a two-hundred day simple moving average of $24.10. The firm has a market capitalization of $622.11 million, a PE ratio of 7.33 and a beta of 1.28. Gladstone Capital has a twelve month low of $19.20 and a twelve month high of $28.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Gladstone Capital Increases Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the transaction, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp bought a new position in Gladstone Capital during the third quarter valued at approximately $12,287,000. International Assets Investment Management LLC boosted its stake in shares of Gladstone Capital by 2,305.0% in the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after purchasing an additional 368,546 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Gladstone Capital by 8.7% during the 3rd quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock valued at $2,683,000 after purchasing an additional 8,891 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in Gladstone Capital in the 2nd quarter worth $1,723,000. Finally, TrueMark Investments LLC bought a new stake in Gladstone Capital in the second quarter worth $1,451,000. 10.72% of the stock is currently owned by institutional investors.

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.