Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Up 34.0% in September

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 628,600 shares, an increase of 34.0% from the September 15th total of 469,000 shares. Based on an average daily trading volume, of 124,100 shares, the short-interest ratio is presently 5.1 days. Approximately 3.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Gladstone Capital in the second quarter valued at about $32,000. nVerses Capital LLC acquired a new position in Gladstone Capital in the 2nd quarter worth approximately $37,000. National Bank of Canada FI purchased a new position in Gladstone Capital during the 2nd quarter worth approximately $98,000. Creekmur Asset Management LLC acquired a new stake in Gladstone Capital during the 4th quarter valued at approximately $67,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Gladstone Capital in the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Up 0.7 %

Shares of GLAD stock traded up $0.18 during trading hours on Tuesday, reaching $24.65. 97,721 shares of the company’s stock were exchanged, compared to its average volume of 128,389. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $536.24 million, a price-to-earnings ratio of 8.93 and a beta of 1.26. Gladstone Capital has a fifty-two week low of $18.56 and a fifty-two week high of $24.79. The stock’s 50 day moving average is $23.24 and its 200-day moving average is $22.69.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. Analysts predict that Gladstone Capital will post 2.14 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.165 dividend. This represents a $1.98 annualized dividend and a dividend yield of 8.03%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Capital’s payout ratio is 71.74%.

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.