Two Sigma Advisers LP grew its position in Gladstone Capital Co. (NASDAQ:GLAD) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,009 shares of the investment management company’s stock after buying an additional 20,800 shares during the period. Two Sigma Advisers LP’s holdings in Gladstone Capital were worth $1,511,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in shares of Gladstone Capital by 156.8% in the 4th quarter. Advisor Group Inc. now owns 11,160 shares of the investment management company’s stock valued at $102,000 after buying an additional 6,815 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Gladstone Capital in the 3rd quarter valued at about $151,000. D.A. Davidson & CO. boosted its holdings in shares of Gladstone Capital by 63.7% in the 4th quarter. D.A. Davidson & CO. now owns 36,456 shares of the investment management company’s stock valued at $336,000 after buying an additional 14,185 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Gladstone Capital by 68.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock valued at $414,000 after buying an additional 17,709 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Gladstone Capital by 22.5% in the 3rd quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock valued at $717,000 after buying an additional 13,875 shares in the last quarter. Institutional investors and hedge funds own 13.63% of the company’s stock.
In other Gladstone Capital news, President Robert L. Marcotte purchased 11,400 shares of Gladstone Capital stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $9.04 per share, with a total value of $103,056.00. Following the transaction, the president now owns 405,517 shares of the company’s stock, valued at approximately $3,665,873.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 13,729 shares of company stock valued at $124,164 over the last quarter. 5.89% of the stock is owned by company insiders.
Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.72 million. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%. equities research analysts forecast that Gladstone Capital Co. will post 0.86 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 20th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date is Thursday, April 19th. Gladstone Capital’s dividend payout ratio (DPR) is presently 100.00%.
A number of analysts recently commented on GLAD shares. ValuEngine upgraded shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Ladenburg Thalmann upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. National Securities upgraded shares of Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a research note on Tuesday, February 6th. TheStreet cut shares of Gladstone Capital from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. Finally, Zacks Investment Research upgraded shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.10.
Gladstone Capital Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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