Strategic Financial Concepts LLC Takes $1.47 Million Position in Gladstone Commercial Co. (NASDAQ:GOOD)

Strategic Financial Concepts LLC purchased a new stake in shares of Gladstone Commercial Co. (NASDAQ:GOOD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 90,606 shares of the real estate investment trust’s stock, valued at approximately $1,471,000. Strategic Financial Concepts LLC owned about 0.21% of Gladstone Commercial at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Gladstone Commercial by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,039 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 1,795 shares during the last quarter. SG Americas Securities LLC acquired a new position in Gladstone Commercial in the third quarter valued at about $226,000. International Assets Investment Management LLC lifted its position in Gladstone Commercial by 1,524.0% in the third quarter. International Assets Investment Management LLC now owns 37,644 shares of the real estate investment trust’s stock valued at $611,000 after buying an additional 35,326 shares during the last quarter. Ballentine Partners LLC lifted its position in Gladstone Commercial by 11.4% in the third quarter. Ballentine Partners LLC now owns 15,838 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 1,624 shares during the last quarter. Finally, EMC Capital Management lifted its position in Gladstone Commercial by 374.8% in the third quarter. EMC Capital Management now owns 34,840 shares of the real estate investment trust’s stock valued at $566,000 after buying an additional 27,502 shares during the last quarter. Institutional investors and hedge funds own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Shares of GOOD opened at $16.14 on Tuesday. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm has a market cap of $708.87 million, a PE ratio of 80.70, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. The company’s 50 day simple moving average is $16.34 and its 200-day simple moving average is $16.02. Gladstone Commercial Co. has a 12-month low of $11.89 and a 12-month high of $17.88.

Gladstone Commercial Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a dividend of $0.10 per share. This represents a dividend yield of 7.48%. The ex-dividend date was Friday, January 24th. Gladstone Commercial’s dividend payout ratio is presently 600.00%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.