Gladstone Capital Corporation – (NASDAQ:GLAD) Trading Volume Significantly Higher


Trading was heavy with 255K shares changing hands in the last trading session. Volume was up 122.55% over the stocks average daily volume.

Here are a few additional firms who have increased or decreased their stake in (GLAD). Van Eck Associates Corp added to its investment by buying 26,262 shares an increase of 13.5% as of 06/30/2017. Van Eck Associates Corp now holds 221,397 shares worth $2,176,000. The value of the position overall is up by 17.5%. As of quarter end Cornerstone Wealth Management, LLC had disposed of a total of 8,233 shares trimming its position 23.0%. The value of the investment in Gladstone Capital Corporation – went from $335,000 to $271,000 a change of 19.1% for the reporting period.

Citadel Advisors LLC grew its ownership by buying 14,500 shares an increase of 135.5%. Citadel Advisors LLC claims 25,200 shares with a value of $248,000. The total value of its holdings increased 143.1%. As of the end of the quarter D.a. Davidson & Co. had bought 3,797 shares growing its holdings by 70.7%. The value of the total investment in Gladstone Capital Corporation – increased from $50,000 to $90,000 a change of $40,000 quarter to quarter.

The company is now down from yesterday’s close of $9.77. The company recently declared a dividend for shareholders that will be paid on Thursday the 31st of August 2017. The dividend payment will be $0.210 per share for the quarter which comes to $0.84 on an annualized basis. The dividend yield will be $8.53. The ex-dividend date will be Wednesday July 19th, 2017.

It is trading at $9.53 a tad under $9.85, the stock’s 50 day moving average and just below the 200 day moving average of $9.63. The 50 day moving average was down $-0.32 or -3.28% whereas the 200 day moving average was down $-0.10 or -1.07%.

Gladstone Capital Corporation, launched on May 30, 2001, 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..