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Gladstone Capital Co. (NASDAQ: GLAD) Short interest rate down 20.1% in December

By on January 9, 2022 0


Gladstone Capital Co. (NASDAQ: GLAD) benefited from a significant drop in short interest in December. As of December 15, there was short interest totaling 195,400 shares, a decrease of 20.1% from the total of 244,700 shares as of November 30. Based on an average daily volume of 125,700 shares, the short-term interest rate is currently 1.6 days. About 0.6% of the company’s shares are sold short.

Actions of Gladstone Share Capital traded up $ 0.04 on Friday, reaching $ 11.26. The stock had a trade volume of 50,676 shares, compared to an average volume of 133,247. The company’s 50-day moving average price is $ 11.58 and its two-hundred-day moving average price is 11. , $ 52. The company has a debt ratio of 0.16, a rapid ratio of 0.03, and a current ratio of 0.03. Gladstone Capital has a 52 week low of $ 8.79 and a 12.58 week high of 52 weeks. The stock has a market cap of $ 386.22 million, a P / E ratio of 4.43, a price / earnings-growth ratio of 2.83 and a beta of 1.38.

Gladstone Capital (NASDAQ: GLAD) last released its quarterly earnings data on Monday, November 15. The investment management firm reported earnings of $ 0.20 per share for the quarter, hitting the Zacks’ consensus estimate of $ 0.20. The company posted revenue of $ 14.36 million in the quarter, compared to analysts’ expectations of $ 13.89 million. Gladstone Capital had a net margin of 156.71% and a return on equity of 9.26%. During the same period of the previous year, the company made a profit of $ 0.20 per share. As a group, stock analysts forecast Gladstone Capital to post earnings per share of 0.79 for the current fiscal year.

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The company also recently announced a monthly dividend, which was paid on Friday, December 31. Investors of record on Thursday, December 23 received a dividend of $ 0.065 per share. This represents an annualized dividend of $ 0.78 and a yield of 6.93%. The ex-dividend date was Wednesday, December 22. Gladstone Capital’s payout ratio is currently 30.71%.

Separately, Zacks investment research upgraded Gladstone Capital shares from a “keep” rating to a “buy” rating and set a target price of $ 13.00 for the company in a research note on Wednesday, December 29.

A number of institutional investors have recently changed their positions in GLAD. Mackenzie Financial Corporation increased its holdings in Gladstone Capital by 115.9% in the second quarter. Mackenzie Financial Corporation now owns 102,139 shares of the investment management company valued at $ 1,167,000 after purchasing an additional 54,833 shares during the period. Shulman DeMeo Asset Management LLC purchased a new stake in Gladstone Capital in the 3rd quarter valued at $ 549,000. BlackRock Inc. increased its stake in Gladstone Capital by 15.1% in the 3rd quarter. BlackRock Inc. now owns 218,414 shares of the investment management company valued at $ 2,468,000 after purchasing an additional 28,687 shares during the period. Morgan Stanley increased its stake in Gladstone Capital by 15.3% in the second quarter. Morgan Stanley now owns 210,688 shares of the investment management company valued at $ 2,408,000 after purchasing an additional 27,908 shares during the period. Finally, DNB Asset Management AS increased its stake in Gladstone Capital by 22.3% in the 3rd quarter. DNB Asset Management AS now owns 135,253 shares of the investment management company valued at $ 1,528,000 after purchasing an additional 24,633 shares during the period. 10.83% of the shares are currently held by hedge funds and other institutional investors.

Gladstone Capital Company Profile

Gladstone Capital is a specialized financial firm that invests in debt securities composed primarily of senior term loans, senior subordinated loans and junior subordinated loans in small and medium-sized enterprises, which meet certain criteria. Criteria may include any or all of the following: potential for cash flow growth, adequate assets for loan guarantees, experienced management teams with a significant stake in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, a reasonable capitalization of the borrower, and the ability to realize appreciation and cash flow from our equity, if applicable.

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