Gladstone Capital Co. (GLAD) To Go Ex-Dividend on February 19th

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, January 14th,investing.com reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.165 per share by the investment management company on Friday, February 28th. This represents a $1.98 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Capital has increased its dividend payment by an average of 8.3% per year over the last three years. Gladstone Capital has a payout ratio of 97.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $2.04 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 97.1%.

Gladstone Capital Price Performance

Shares of NASDAQ GLAD opened at $29.22 on Monday. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm has a market cap of $652.48 million, a PE ratio of 7.69 and a beta of 1.27. The business has a 50 day moving average price of $28.69 and a two-hundred day moving average price of $25.80.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%. Sell-side analysts expect that Gladstone Capital will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the sale, the president now directly owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.96% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of Gladstone Capital in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price objective on the stock.

About Gladstone Capital

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.