Mckinley Capital Management LLC Delaware increased its stake in Gladstone Capital Co. (NASDAQ:GLAD) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,864 shares of the investment management company’s stock after buying an additional 10,724 shares during the quarter. Mckinley Capital Management LLC Delaware owned approximately 0.51% of Gladstone Capital worth $1,260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GLAD. GSA Capital Partners LLP acquired a new stake in Gladstone Capital during the 2nd quarter valued at $299,000. Goldman Sachs Group Inc. acquired a new stake in Gladstone Capital during the 2nd quarter valued at $415,000. Arrowstreet Capital Limited Partnership acquired a new stake in Gladstone Capital during the 2nd quarter valued at $542,000. D.A. Davidson & CO. lifted its holdings in Gladstone Capital by 142.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,271 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 13,104 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Gladstone Capital by 22.5% during the 3rd quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock valued at $717,000 after purchasing an additional 13,875 shares during the last quarter. 15.22% of the stock is owned by institutional investors.
In related news, Director Walter H. Wilkinson purchased 6,134 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $9.79 per share, for a total transaction of $60,051.86. Following the completion of the transaction, the director now owns 13,517 shares of the company’s stock, valued at $132,331.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Robert L. Marcotte purchased 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $9.04 per share, for a total transaction of $103,056.00. Following the transaction, the president now directly owns 405,517 shares of the company’s stock, valued at approximately $3,665,873.68. The disclosure for this purchase can be found here. Insiders purchased 36,063 shares of company stock worth $339,855 in the last 90 days. 5.89% of the stock is owned by company insiders.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. The company had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.72 million. sell-side analysts expect that Gladstone Capital Co. will post 0.86 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date is Thursday, February 15th. Gladstone Capital’s payout ratio is currently 93.33%.
A number of equities research analysts have recently weighed in on the company. TheStreet downgraded Gladstone Capital from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Ladenburg Thalmann Financial Services raised Gladstone Capital from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. National Securities raised Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Tuesday, February 6th. Finally, Zacks Investment Research raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.16.
About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
Receive News & Ratings for Gladstone Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital and related companies with MarketBeat.com's FREE daily email newsletter.