Gladstone Capital Co. (NASDAQ:GLAD) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC cut its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 49.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,011 shares of the investment management company’s stock after selling 8,839 shares during the period. Good Life Advisors LLC’s holdings in Gladstone Capital were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Gladstone Capital during the third quarter worth approximately $485,000. Fortress Financial Solutions LLC acquired a new position in shares of Gladstone Capital during the fourth quarter worth approximately $438,000. International Assets Investment Management LLC boosted its position in shares of Gladstone Capital by 2,305.0% during the third quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after buying an additional 368,546 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Gladstone Capital during the fourth quarter worth approximately $510,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Gladstone Capital during the fourth quarter worth approximately $322,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the transaction, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.96% of the stock is owned by corporate insiders.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $28.79 on Friday. Gladstone Capital Co. has a 12 month low of $19.20 and a 12 month high of $30.43. The stock has a market cap of $642.88 million, a price-to-earnings ratio of 7.04 and a beta of 1.27. The stock’s 50 day moving average price is $28.85 and its 200 day moving average price is $25.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital (NASDAQ:GLAD) last announced its 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 company 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 48.41%.

Gladstone Capital Company 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.