Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 7.3% in December

Gladstone Capital Co. (NASDAQ:GLAD) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 675,500 shares, a decrease of 7.3% from the November 30th total of 728,700 shares. Based on an average daily volume of 122,500 shares, the short-interest ratio is currently 5.5 days. Approximately 3.2% of the company’s stock are short sold.

Gladstone Capital Stock Up 0.4 %

Shares of Gladstone Capital stock traded up $0.12 during trading on Wednesday, hitting $28.44. 130,674 shares of the stock traded hands, compared to its average volume of 128,681. The company has a fifty day moving average price of $26.46 and a two-hundred day moving average price of $24.50. Gladstone Capital has a twelve month low of $19.20 and a twelve month high of $28.62. The stock has a market cap of $635.07 million, a P/E ratio of 7.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $0.40 dividend. This is an increase from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 4th. Gladstone Capital’s payout ratio is currently 52.11%.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Gladstone Capital in a report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price objective for the company.

Insider Activity

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GLAD. Van ECK Associates Corp bought a new stake in Gladstone Capital in the third quarter worth $12,287,000. International Assets Investment Management LLC lifted its position in shares of Gladstone Capital by 2,305.0% in the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after buying an additional 368,546 shares during the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of Gladstone Capital during the 2nd quarter worth about $1,723,000. Jane Street Group LLC acquired a new position in shares of Gladstone Capital during the 3rd quarter valued at about $485,000. Finally, Good Life Advisors LLC raised its stake in shares of Gladstone Capital by 101.2% in the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after acquiring an additional 8,979 shares in the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.