Gladstone Capital Co. (NASDAQ:GLAD) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 440,900 shares, an increase of 5.3% from the June 15th total of 418,800 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 117,800 shares, the short-interest ratio is presently 3.7 days.
Several hedge funds have recently made changes to their positions in GLAD. Legal & General Group Plc grew its stake in shares of Gladstone Capital by 28.4% in the fourth quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock valued at $950,000 after buying an additional 28,616 shares in the last quarter. West Oak Capital LLC grew its stake in shares of Gladstone Capital by 500.0% in the first quarter. West Oak Capital LLC now owns 6,000 shares of the investment management company’s stock valued at $54,000 after buying an additional 5,000 shares in the last quarter. Wambolt & Associates LLC bought a new position in shares of Gladstone Capital in the first quarter valued at $106,000. Shulman DeMeo Asset Management LLC bought a new position in shares of Gladstone Capital in the first quarter valued at $619,000. Finally, Boston Partners grew its stake in shares of Gladstone Capital by 3.5% in the first quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock valued at $617,000 after buying an additional 2,313 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.
A number of research analysts have issued reports on GLAD shares. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Wedbush set a $20.00 target price on shares of Ares Capital and gave the company a “buy” rating in a research note on Tuesday, May 14th. TheStreet raised shares of Marvell Technology Group from a “c+” rating to a “b-” rating in a research note on Wednesday, July 3rd. Finally, National Securities assumed coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Friday, May 3rd. They issued a “buy” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.33.
Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%. The company had revenue of $12.52 million for the quarter, compared to analyst estimates of $12.60 million. Research analysts anticipate that Gladstone Capital will post 0.84 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 22nd will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, July 19th. Gladstone Capital’s dividend payout ratio is 98.82%.
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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