Gladstone Capital Co. (NASDAQ:GLAD - Get Free Report) President Bob Marcotte sold 15,500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 248,210 shares of the company's stock, valued at $6,788,543.50. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Gladstone Capital Stock Performance
Shares of Gladstone Capital stock opened at $27.53 on Thursday. Gladstone Capital Co. has a 52 week low of $19.20 and a 52 week high of $28.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $614.74 million, a price-to-earnings ratio of 7.24 and a beta of 1.27. The firm has a fifty day moving average of $25.54 and a two-hundred day moving average of $23.97.
Gladstone Capital Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, December 4th. This is a boost from Gladstone Capital's previous dividend of $0.17. Gladstone Capital's dividend payout ratio (DPR) is 52.11%.
Wall Street Analysts Forecast Growth
The #1 Coin for November 2024
From Crypto 101 Media | Ad
Grayscale Investments just announced a new fund offering access to a HOT new DeFi coin…
And thanks to this newly established trust, I believe this coin could skyrocket up to 150x+ in the next 30 days alone!
I've compiled everything you need to know about this once-in-a-lifetime DeFi project into a brand-new comprehensive guide…
You can get access to the report by clicking here now…
Separately, B. Riley began coverage on Gladstone Capital in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 target price for the company.
Read Our Latest Report on GLAD
Hedge Funds Weigh In On Gladstone Capital
Institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in Gladstone Capital during the 2nd quarter worth approximately $32,000. nVerses Capital LLC acquired a new stake in Gladstone Capital in the second quarter worth $37,000. Farther Finance Advisors LLC bought a new position in shares of Gladstone Capital during the third quarter worth $44,000. PFS Partners LLC grew its holdings in shares of Gladstone Capital by 156.0% in the 3rd quarter. PFS Partners LLC now owns 1,969 shares of the investment management company's stock valued at $47,000 after buying an additional 1,200 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Gladstone Capital during the 2nd quarter worth $98,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Capital Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
