Insider Trading Watch List: Gladstone Capital Corporation $GLAD

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Gladstone Capital Corporation (GLAD) insider have most recently took part in a trading activity. On Nov 29, 2017 Marcotte Robert L, President bought 8,000 shares having total worth of $78,560 at the price of $9.82 per share, following the transaction a total of 386,441 shares owned by Marcotte Robert L. Before this latest buy, Marcotte Robert L purchased GLAD at 3 other times during the past twelve months, for a total investment of $272,560 at an average of $9.1 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 6 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 4 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -0.3%
12 Month 4 2 39.32%

Shares of Gladstone Capital Corporation (GLAD) traded up 0.31% on Nov 29, 2017, hitting $9.85. 104,601 shares of the company’s stock traded hands. Gladstone Capital Corporation has a 52 week low of $7.04 and a 52 week high of $10.08. The company’s market cap is $187 million.

Gladstone Capital Corporation (GLAD) last announced its earnings results on Nov 20, 2017. The company reported 0.21 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.21. The company had revenue of $11 million for the quarter, compared to the consensus estimate of $11 million. During the same quarter in the previous year, the company posted 0.21 earnings per share. The company’s revenue for the quarter was up 11% on a year-over-year basis.

2017-11-20 2017-08-02 2017-05-03 2017-02-08 2016-11-21 2016-05-04 2016-02-08 2015-11-24 2015-07-29 2015-05-06
earnings per share 0.21 0.21 0.21 0.21 0.21 0.00 0.21 0.26 0.23 0.18
Revenue(M) 10.83 9.63 8.79 9.97 9.75 0 10.06 10.17 9.94 9.22

Gladstone Capital Corp was incorporated under the General Corporation Laws of the State of Maryland on May 30, 2001 and completed its initial public offering on August 24, 2001. The Company is a closed-end, non-diversified management investment Company that has elected to be treated as a business development company under the Investment Company Act of 1940. Its investment objectives are to achieve a high level of current income by investing in debt securities, consisting mainly of senior notes, senior subordinated notes and junior subordinated notes, of established private businesses that are owned by leveraged buyout funds, individual investors or are family-owned businesses, with a particular focus on senior notes. In addition, the Company might acquire from others existing loans that meet this profile. Gladstone invests mainly in three categories of debt of private companies: Senior Notes, Senior Subordinated Notes, and Junior Subordinated Notes. The Company typically uses senior notes to cover a ample portion of the funding needed for operation. Senior notes might include revolving lines of credit, senior term loans, senior syndicated loans and senior last-out tranche loans. Senior subordinated notes include second lien loans and syndicated second lien loans. Gladstone Management Corporation is the Company’s external investment adviser, along with the company’s affiliates Gladstone Commercial Corporation. The Company targets small and medium-sized private businesses that meet some of the following criteria: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams, profitable operation based on the borrower’s cash flow, reasonable capitalization of the borrower, and the potential to realize appreciation and gain liquidity. Pending investment in private companies, the Gladstone invests its otherwise uninvested cash mainly in cash, cash items, government securities, or high-quality debt securities. Competitors include private equity funds, leveraged buyout funds, venture capital funds, investment banks and other equity and non-equity based investment funds, and other financing sources, including traditional financial services companies such as commercial banks.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.