Gladstone Capital Co. (NASDAQ:GLAD) Sees Significant Decrease in Short Interest

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 675,500 shares, a decline of 7.3% from the November 30th total of 728,700 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average trading volume of 122,500 shares, the short-interest ratio is presently 5.5 days.

Wall Street Analyst Weigh In

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

Insider Activity at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the transaction, the president now owns 248,210 shares of the company’s stock, valued at $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in Gladstone Capital in the 3rd quarter valued at $485,000. Quantbot Technologies LP purchased a new stake in shares of Gladstone Capital in the third quarter valued at about $105,000. D.A. Davidson & CO. increased its stake in shares of Gladstone Capital by 8.7% during the third quarter. D.A. Davidson & CO. now owns 111,569 shares of the investment management company’s stock worth $2,683,000 after acquiring an additional 8,891 shares during the period. Kovack Advisors Inc. raised its holdings in Gladstone Capital by 2.0% during the third quarter. Kovack Advisors Inc. now owns 35,867 shares of the investment management company’s stock worth $863,000 after purchasing an additional 702 shares in the last quarter. Finally, PFS Partners LLC lifted its position in Gladstone Capital by 156.0% in the third quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the period. 10.72% of the stock is owned by institutional investors and hedge funds.

Gladstone Capital Price Performance

Shares of GLAD opened at $28.12 on Monday. The company has a market capitalization of $627.92 million, a price-to-earnings ratio of 7.40 and a beta of 1.28. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $28.50. The firm has a 50-day simple moving average of $26.32 and a 200-day simple moving average of $24.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This is a positive change from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s payout ratio is presently 52.11%.

About Gladstone Capital

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.