Goldman Sachs Group Inc. Invests $415,000 in Gladstone Capital Corporation (GLAD) Stock

Goldman Sachs Group Inc. acquired a new position in Gladstone Capital Corporation (NASDAQ:GLAD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 42,253 shares of the investment management company’s stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GLAD. Bank of Montreal Can bought a new stake in Gladstone Capital Corporation in the second quarter worth about $1,946,000. Mckinley Capital Management LLC Delaware bought a new stake in Gladstone Capital Corporation in the second quarter worth about $1,200,000. GSA Capital Partners LLP bought a new stake in Gladstone Capital Corporation in the second quarter worth about $299,000. Van ECK Associates Corp lifted its stake in Gladstone Capital Corporation by 13.5% in the second quarter. Van ECK Associates Corp now owns 221,397 shares of the investment management company’s stock worth $2,176,000 after purchasing an additional 26,262 shares during the last quarter. Finally, Financial Counselors Inc. bought a new stake in Gladstone Capital Corporation in the second quarter worth about $162,000. 14.37% of the stock is owned by institutional investors and hedge funds.

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) opened at $9.60 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 10.52 and a current ratio of 10.52. Gladstone Capital Corporation has a 12 month low of $7.95 and a 12 month high of $10.12. The firm has a market cap of $250.19, a P/E ratio of 11.40 and a beta of 1.23.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.75%. The ex-dividend date is Monday, December 18th. Gladstone Capital Corporation’s dividend payout ratio is presently 62.22%.

In related news, President Robert L. Marcotte purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was purchased at an average price of $9.22 per share, with a total value of $36,880.00. Following the completion of the purchase, the president now owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.45% of the company’s stock.

GLAD has been the subject of several analyst reports. BidaskClub downgraded shares of Gladstone Capital Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Ladenburg Thalmann Financial Services initiated coverage on shares of Gladstone Capital Corporation in a research note on Friday, October 6th. They issued a “neutral” rating for the company. National Securities reissued a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital Corporation in a research note on Tuesday, September 26th. Finally, Wedbush initiated coverage on shares of Gladstone Capital Corporation in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $9.16.

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About Gladstone Capital Corporation

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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Institutional Ownership by Quarter for Gladstone Capital Corporation (NASDAQ:GLAD)

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