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

Gladstone Capital Corporation (NASDAQ:GLAD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.22 and traded as high as $27.33. Gladstone Capital shares last traded at $26.97, with a volume of 119,094 shares traded.

Analyst Upgrades and Downgrades

Separately, B. Riley raised shares of Gladstone Capital to a “hold” rating in a research report on Monday, June 16th.

Gladstone Capital Price Performance

The business’s 50 day moving average is $26.21 and its two-hundred day moving average is $27.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $602.24 million, a PE ratio of 6.85 and a beta of 1.01.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Tuesday, May 6th. The investment management company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $21.57 million during the quarter, compared to analyst estimates of $22.95 million. Gladstone Capital had a return on equity of 9.85% and a net margin of 93.42%. Equities research analysts anticipate that Gladstone Capital Corporation will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a yield of 7.57%. Gladstone Capital’s dividend payout ratio is currently 50.25%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Gladstone Capital by 78.2% in the first quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company’s stock worth $94,000 after buying an additional 1,496 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Gladstone Capital in the 4th quarter worth approximately $840,000. LPL Financial LLC lifted its stake in Gladstone Capital by 8.5% in the 4th quarter. LPL Financial LLC now owns 154,580 shares of the investment management company’s stock worth $4,396,000 after purchasing an additional 12,064 shares in the last quarter. Northern Trust Corp boosted its holdings in Gladstone Capital by 12.1% in the 4th quarter. Northern Trust Corp now owns 25,023 shares of the investment management company’s stock valued at $712,000 after purchasing an additional 2,699 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of Gladstone Capital during the 4th quarter valued at $406,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

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.