Gladstone Capital Co. (GLAD) to Issue Monthly Dividend of $0.17 on February 28th

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 given 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 is Wednesday, February 19th.

Gladstone Capital has increased its dividend by an average of 8.3% annually over the last three years. Gladstone Capital has a dividend 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 Trading Up 2.9 %

NASDAQ:GLAD opened at $29.22 on Monday. The stock has a fifty day moving average price of $28.69 and a 200 day moving average price of $25.80. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $30.43. The firm has a market cap of $652.48 million, a PE ratio of 7.69 and a beta of 1.27.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that Gladstone Capital will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction on 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 sale, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.96% of the stock is currently owned by company insiders.

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.