International Assets Investment Management LLC Acquires 234,011 Shares of Gladstone Capital Corporation $GLAD

International Assets Investment Management LLC increased its holdings in Gladstone Capital Corporation (NASDAQ:GLAD) by 1,463.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,000 shares of the investment management company’s stock after purchasing an additional 234,011 shares during the quarter. International Assets Investment Management LLC’s holdings in Gladstone Capital were worth $4,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GLAD. Sunbelt Securities Inc. acquired a new stake in Gladstone Capital in the first quarter valued at $142,000. Entropy Technologies LP bought a new position in Gladstone Capital during the 1st quarter worth $179,000. Fortress Financial Solutions LLC acquired a new position in Gladstone Capital during the 3rd quarter worth about $263,000. Miller Global Investments LLC acquired a new position in Gladstone Capital during the 2nd quarter worth about $311,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Gladstone Capital by 66.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock worth $4,327,000 after buying an additional 89,446 shares during the period. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Stock Performance

Shares of NASDAQ GLAD opened at $18.97 on Monday. The company’s 50 day moving average price is $19.27 and its 200-day moving average price is $19.11. Gladstone Capital Corporation has a 52-week low of $16.54 and a 52-week high of $21.73. The company has a market capitalization of $428.53 million, a P/E ratio of 9.21 and a beta of 0.94.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million during the quarter, compared to the consensus estimate of $24.90 million. Analysts forecast that Gladstone Capital Corporation will post 1.99 earnings per share for the current year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, December 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.80 annualized dividend and a dividend yield of 9.5%. Gladstone Capital’s dividend payout ratio (DPR) is 87.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings lowered Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. ATB Cormark Capital Markets upgraded Gladstone Capital to a “moderate buy” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Gladstone Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Gladstone Capital Profile

Gladstone Capital Corporation is a business development company that provides financing to small and mid-sized businesses in the United States. The company seeks to support established companies by investing in a combination of debt and equity securities.

Its investments may include first- and second-lien secured loans, unsecured and subordinated debt, mezzanine financing, and equity interests. Gladstone Capital generally partners with businesses across a range of industries, providing capital intended to support acquisitions, recapitalizations, growth initiatives, and other corporate financing needs.

Founded in 2001, Gladstone Capital is externally managed by Gladstone Management Corporation, an investment adviser affiliated with the broader Gladstone group of companies.