Gladstone Capital Co. (NASDAQ:GLAD) Holdings Decreased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC decreased its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,565 shares of the investment management company’s stock after selling 3,969 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Gladstone Capital were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GLAD. Kovack Advisors Inc. boosted its position 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 valued at $863,000 after purchasing an additional 702 shares during the last quarter. PFS Partners LLC boosted its position in Gladstone Capital by 156.0% during 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 last quarter. Farther Finance Advisors LLC acquired a new stake in Gladstone Capital during the third quarter valued at $44,000. Register Financial Advisors LLC acquired a new stake in Gladstone Capital during the fourth quarter valued at $92,000. Finally, Quantbot Technologies LP acquired a new stake in Gladstone Capital during the third quarter valued at $105,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Insider Buying and Selling

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the transaction, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.96% of the stock is owned by insiders.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $29.22 on Friday. Gladstone Capital Co. has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The business has a 50-day moving average of $28.69 and a two-hundred day moving average of $25.79. The stock has a market capitalization of $652.48 million, a P/E ratio of 7.69 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%. On average, equities research analysts predict that Gladstone Capital Co. will post 2.04 EPS for the current fiscal year.

Gladstone Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s dividend payout ratio is presently 52.11%.

Analysts Set New Price Targets

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

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.