Gladstone Capital Corporation – (NASDAQ:GLADO) Experiences Heavier than Average Trading Volume

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Gladstone Capital Corporation – shares had a trading volume of 15K in the last trading session. Shares saw a steep increase in trading volume of 411.47% over the normal average daily volume.

The company is so far trading down since yesterday’s close of $25.379375. Gladstone Capital Corporation – recently announced a dividend for shareholders that will be paid on Thursday August 31st, 2017. The dividend will be $0.423 per share for the quarter which comes to $1.69 on an annualized basis. This dividend amount will represent a yeild of $6.61. The ex-dividend date will be on Thursday the 17th of August 2017.

Company shares last traded at $25.34 a tad under $25.51, the stock’s 50 day moving average and barely below the 200 day moving average of $25.54. The 50 day moving average was down by -0.68% and the 200 day average was down $-0.20.

The P/E ratio is currently 19.33 and the market cap of the company is 61.83M.

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..