Gladstone Capital Co. (GLAD) Declares Monthly Dividend of $0.07

Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, January 9th, Wall Street Journal reports. Stockholders of record on Wednesday, March 20th will be paid a dividend of 0.07 per share by the investment management company on Friday, March 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend is Tuesday, March 19th.

Gladstone Capital has a dividend payout ratio of 97.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Gladstone Capital to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 95.5%.

GLAD opened at $8.11 on Thursday. Gladstone Capital has a twelve month low of $6.41 and a twelve month high of $9.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.67 and a quick ratio of 3.67. The stock has a market cap of $221.48 million, a P/E ratio of 9.54 and a beta of 1.06.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, November 14th. The investment management company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a return on equity of 9.83% and a net margin of 41.00%. The firm had revenue of $11.26 million for the quarter, compared to the consensus estimate of $12.00 million. As a group, analysts anticipate that Gladstone Capital will post 0.86 EPS for the current fiscal year.

In other news, President Robert L. Marcotte acquired 12,000 shares of the stock in a transaction dated Friday, December 7th. The stock was bought at an average price of $8.33 per share, with a total value of $99,960.00. Following the completion of the purchase, the president now directly owns 460,037 shares of the company’s stock, valued at approximately $3,832,108.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Robert L. Marcotte acquired 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $8.71 per share, with a total value of $87,100.00. The disclosure for this purchase can be found here. Insiders bought 22,582 shares of company stock valued at $192,077 in the last three months. Company insiders own 5.85% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Monday, December 24th. ValuEngine raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. BidaskClub raised shares of Gladstone Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Finally, National Securities reissued a “sell” rating and issued a $7.00 target price on shares of Gladstone Capital in a report on Friday, November 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.00.

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Gladstone Capital Company Profile

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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Dividend History for Gladstone Capital (NASDAQ:GLAD)

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