Gladstone Capital Co. (NASDAQ:GLAD) Short Interest Down 7.9% in November

Gladstone Capital Co. (NASDAQ:GLAD) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 728,700 shares, a decline of 7.9% from the November 15th total of 791,200 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 129,900 shares, the days-to-cover ratio is currently 5.6 days.

Insider Activity

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction on 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 owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. The trade was 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 4.08% of the company’s stock.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at about $32,000. nVerses Capital LLC acquired a new position in Gladstone Capital in the 2nd quarter valued at about $37,000. Farther Finance Advisors LLC purchased a new stake in shares of Gladstone Capital during the third quarter worth approximately $44,000. PFS Partners LLC raised its position in Gladstone Capital by 156.0% during the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company’s stock worth $47,000 after buying an additional 1,200 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Gladstone Capital in the 2nd quarter worth $98,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

Gladstone Capital Stock Up 1.3 %

Shares of GLAD stock traded up $0.37 during trading on Tuesday, reaching $27.83. The company’s stock had a trading volume of 93,529 shares, compared to its average volume of 128,328. Gladstone Capital has a 1-year low of $19.20 and a 1-year high of $28.11. The company has a market capitalization of $621.44 million, a price-to-earnings ratio of 7.23 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04. The stock’s 50-day moving average price is $25.75 and its 200 day moving average price is $24.10.

Gladstone Capital Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.40 dividend. This is a boost from Gladstone Capital’s previous dividend of $0.17. The ex-dividend date is Wednesday, December 4th. Gladstone Capital’s dividend payout ratio is presently 52.11%.

Analysts Set New Price Targets

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