Gladstone Capital (NASDAQ:GLAD) Shares Pass Above 200-Day Moving Average – Time to Sell?

Gladstone Capital Co. (NASDAQ:GLAD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.65 and traded as high as $27.54. Gladstone Capital shares last traded at $27.33, with a volume of 88,166 shares.

Gladstone Capital Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $610.28 million, a PE ratio of 6.68 and a beta of 1.25. The stock has a fifty day moving average price of $28.61 and a 200-day moving average price of $26.68.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.00% and a net margin of 106.59%. Research analysts expect that Gladstone Capital Co. will post 2.03 EPS for the current year.

Gladstone Capital Cuts Dividend

The business also recently declared 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. This represents a yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio (DPR) is presently 48.41%.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently bought and sold shares of GLAD. Private Trust Co. NA lifted its position in Gladstone Capital by 65.9% during the 4th quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock worth $45,000 after acquiring an additional 625 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Gladstone Capital in the 4th quarter valued at approximately $92,000. Quantbot Technologies LP acquired a new position in shares of Gladstone Capital in the 3rd quarter valued at approximately $105,000. Wedbush Securities Inc. acquired a new position in shares of Gladstone Capital in the 4th quarter valued at approximately $209,000. Finally, XTX Topco Ltd acquired a new position in shares of Gladstone Capital in the 4th quarter valued at approximately $241,000. 10.72% of the stock is owned by institutional investors and hedge funds.

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.