Gladstone Capital (NASDAQ:GLAD) Shares Pass Above 200-Day Moving Average – Time to Sell?

Gladstone Capital Co. (NASDAQ:GLAD) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.65 and traded as high as $27.54. Gladstone Capital shares last traded at $27.33, with a volume of 88,166 shares changing hands.

Gladstone Capital Stock Performance

The stock has a 50-day simple moving average of $28.61 and a 200-day simple moving average of $26.68. The company has a market capitalization of $610.28 million, a price-to-earnings ratio of 6.68 and a beta of 1.25. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.13.

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

Gladstone Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were given a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio is currently 48.41%.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA raised its position in shares of Gladstone Capital by 65.9% during the 4th quarter. Private Trust Co. NA now owns 1,573 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 625 shares in the last quarter. Register Financial Advisors LLC bought a new position in Gladstone Capital during the 4th quarter worth $92,000. Quantbot Technologies LP bought a new position in Gladstone Capital during the 3rd quarter worth $105,000. Wedbush Securities Inc. bought a new position in Gladstone Capital during the 4th quarter worth $209,000. Finally, XTX Topco Ltd bought a new position in Gladstone Capital during the 4th quarter worth $241,000. 10.72% of the stock is owned by institutional investors and hedge funds.

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.