Kovack Advisors Inc. Buys 2,025 Shares of Gladstone Capital Co. (NASDAQ:GLAD)

Kovack Advisors Inc. increased its stake in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,892 shares of the investment management company’s stock after acquiring an additional 2,025 shares during the period. Kovack Advisors Inc. owned about 0.17% of Gladstone Capital worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp acquired a new stake in shares of Gladstone Capital in the 3rd quarter valued at about $12,287,000. International Assets Investment Management LLC raised its position 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 buying an additional 368,546 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Gladstone Capital by 1.3% in the 4th quarter. D.A. Davidson & CO. now owns 113,049 shares of the investment management company’s stock valued at $3,215,000 after acquiring an additional 1,480 shares in the last quarter. Jane Street Group LLC acquired a new position in Gladstone Capital during the 3rd quarter worth approximately $485,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Gladstone Capital during the 4th quarter worth approximately $510,000. 10.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Gladstone Capital

In other news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction that occurred 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 sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.96% of the company’s stock.

Gladstone Capital Price Performance

NASDAQ GLAD opened at $28.24 on Friday. Gladstone Capital Co. has a 12-month low of $19.20 and a 12-month high of $30.43. The firm’s 50 day moving average is $28.91 and its 200-day moving average is $26.14. The company has a market capitalization of $630.60 million, a PE ratio of 6.90 and a beta of 1.27. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.13.

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

Gladstone Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued 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 payout ratio is presently 48.41%.

Gladstone Capital 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.