Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Wednesday, January 10th, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.07 per share by the investment management company on Friday, March 30th. This represents a $0.84 annualized dividend and a yield of 9.39%. The ex-dividend date is Monday, March 19th.
Gladstone Capital (NASDAQ GLAD) opened at $8.95 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.96 and a current ratio of 5.96. The firm has a market cap of $237.03, a PE ratio of 10.60 and a beta of 1.11. Gladstone Capital has a 12 month low of $7.80 and a 12 month high of $10.12.
Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%. The business had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.72 million. equities analysts forecast that Gladstone Capital will post 0.86 EPS for the current year.
In other news, President Robert L. Marcotte purchased 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $9.04 per share, for a total transaction of $103,056.00. Following the completion of the purchase, the president now directly owns 405,517 shares of the company’s stock, valued at $3,665,873.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert L. Marcotte purchased 8,200 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $9.40 per share, with a total value of $77,080.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 21,929 shares of company stock valued at $201,244. Insiders own 5.89% of the company’s stock.
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About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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