506,067 Shares in Gladstone Capital Co. (NASDAQ:GLAD) Acquired by Van ECK Associates Corp

Van ECK Associates Corp acquired a new position in shares of Gladstone Capital Co. (NASDAQ:GLAD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 506,067 shares of the investment management company’s stock, valued at approximately $12,287,000.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in shares of Gladstone Capital in the third quarter valued at $44,000. International Assets Investment Management LLC grew its stake in Gladstone Capital by 2,305.0% in the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock valued at $9,248,000 after acquiring an additional 368,546 shares during the last quarter. Good Life Advisors LLC increased its holdings in Gladstone Capital by 101.2% during the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock valued at $429,000 after acquiring an additional 8,979 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Gladstone Capital during the second quarter worth about $32,000. Finally, National Bank of Canada FI purchased a new stake in shares of Gladstone Capital in the second quarter valued at about $98,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Stock Up 0.3 %

Shares of NASDAQ:GLAD opened at $24.06 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $523.31 million, a P/E ratio of 8.02 and a beta of 1.25. Gladstone Capital Co. has a 52-week low of $19.20 and a 52-week high of $25.29. The stock’s fifty day simple moving average is $23.75 and its 200-day simple moving average is $23.12.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $25.69 million for the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. As a group, equities research analysts forecast that Gladstone Capital Co. will post 2.13 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a yield of 8.23%. Gladstone Capital’s dividend payout ratio (DPR) is currently 66.00%.

Analyst Upgrades and Downgrades

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

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.