Gladstone Capital (NASDAQ:GLAD) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Gladstone Capital Co. (NASDAQ:GLAD) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.92 and traded as high as $27.70. Gladstone Capital shares last traded at $27.46, with a volume of 118,028 shares changing hands.

Gladstone Capital Price Performance

The stock has a market capitalization of $616.75 million, a P/E ratio of 6.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.04 and a current ratio of 0.04. The business has a fifty day simple moving average of $28.33 and a 200-day simple moving average of $26.96.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, February 11th. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Gladstone Capital had a net margin of 106.59% and a return on equity of 10.00%. Sell-side analysts expect that Gladstone Capital Co. will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 6.57%. Gladstone Capital’s dividend payout ratio (DPR) is presently 48.41%.

Institutional Trading of Gladstone Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in Gladstone Capital in the 3rd quarter valued at $485,000. Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital during the 4th quarter worth approximately $438,000. Kingsview Wealth Management LLC bought a new position in shares of Gladstone Capital in the fourth quarter valued at approximately $322,000. Atomi Financial Group Inc. purchased a new stake in shares of Gladstone Capital during the fourth quarter valued at approximately $510,000. Finally, Private Trust Co. NA increased its position in shares of Gladstone Capital by 65.9% during the 4th quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 625 shares during the last quarter. 10.72% of the stock is owned by hedge funds and other institutional investors.

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.