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

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

Insider Activity at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Newbridge Financial Services Group Inc. bought a new stake in shares of Gladstone Capital in the 2nd quarter worth approximately $32,000. nVerses Capital LLC bought a new stake in Gladstone Capital in the 2nd quarter valued at $37,000. Farther Finance Advisors LLC acquired a new position in shares of Gladstone Capital in the 3rd quarter valued at $44,000. PFS Partners LLC lifted its holdings in shares of 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 acquiring an additional 1,200 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Gladstone Capital during the 2nd quarter valued at about $98,000. 10.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Gladstone Capital Stock Performance

Gladstone Capital stock traded up $0.12 during mid-day trading on Wednesday, reaching $28.44. The company had a trading volume of 130,674 shares, compared to its average volume of 128,681. 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 $635.07 million, a price-to-earnings ratio of 7.48 and a beta of 1.28. The company has a 50 day moving average of $26.46 and a 200-day moving average of $24.50. Gladstone Capital has a 52 week low of $19.20 and a 52 week high of $28.62.

Gladstone Capital Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.40 dividend. The ex-dividend date was Wednesday, December 4th. This is a boost from Gladstone Capital’s previous dividend of $0.17. Gladstone Capital’s dividend payout ratio (DPR) is presently 52.11%.

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.