Gladstone Capital Co. (NASDAQ:GLAD) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 418,800 shares, a decline of 6.1% from the May 30th total of 446,200 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 115,400 shares, the short-interest ratio is presently 3.6 days.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. National Securities assumed coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a report on Friday, May 3rd. They set a “buy” rating and a $13.00 target price for the company. Wedbush set a $20.00 target price on shares of Ares Capital and gave the stock a “buy” rating in a report on Tuesday, May 14th. TheStreet raised shares of Marvell Technology Group from a “c+” rating to a “b-” rating in a report on Wednesday, July 3rd. Finally, BidaskClub downgraded shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.33.
Shares of Gladstone Capital stock opened at $9.51 on Friday. The stock’s 50 day moving average price is $9.31. Gladstone Capital has a 1-year low of $6.41 and a 1-year high of $9.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $279.13 million, a P/E ratio of 11.19 and a beta of 1.20.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.83%. The ex-dividend date is Friday, July 19th. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its position in shares of Gladstone Capital by 28.4% during the fourth quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock worth $950,000 after buying an additional 28,616 shares during the period. Novare Capital Management LLC increased its position in shares of Gladstone Capital by 9.8% during the first quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after buying an additional 11,225 shares during the period. LPL Financial LLC increased its position in shares of Gladstone Capital by 24.9% during the fourth quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock worth $888,000 after buying an additional 24,250 shares during the period. Global Strategic Management Inc. acquired a new stake in shares of Gladstone Capital during the fourth quarter worth $690,000. Finally, Shulman DeMeo Asset Management LLC acquired a new stake in shares of Gladstone Capital during the first quarter worth $619,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.
About Gladstone Capital
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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