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|Five BDCs With Rising Short Activity
Monday, May 2, 3:11 PM ET, by Market News Video Staff
The most recent short interest data has just been released for the 04/15/2016 settlement date, ...
Cash Dividend On The Way From Gladstone Capital (GLAD)
Friday, May 13, 10:13 AM ET, by Market News Video Staff
On 5/17/16, Gladstone Capital Corporation (GLAD) will trade ex-dividend, for its monthly dividend of $0.07, ...
Ex-Div Reminder for Gladstone Capital (GLAD)
Monday, June 13, 10:33 AM ET, by Market News Video Staff
On 6/15/16, Gladstone Capital Corporation (GLAD) will trade ex-dividend, for its monthly dividend of $0.07, ...
This Stock Has A 11.98% Yield, Sells For Less Than Book, and Insiders Have Been Buying
Friday, June 17, 1:58 PM ET, by Market News Video Staff
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then ...
Five BDCs With Rising Short Activity
Tuesday, June 28, 9:50 AM ET, by Market News Video Staff
The most recent short interest data has just been released for the 06/15/2016 settlement date, ...
Gladstone Capital Named Top Dividend Stock With Insider Buying and 8.55% Yield (GLAD)
By Dividend Channel Staff, Friday, February 10, 11:07 AM ET
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Gladstone Capital Corporation (NASDAQ:GLAD), which saw buying by President Robert L. Marcotte.
Back on October 25, Marcotte invested $199,500.00 into 25,000 shares of GLAD, for a cost per share of $7.98. In trading on Friday, shares were changing hands as low as $9.34 per share, which is 17.0% above Marcotte's purchase price. It should be noted that Marcotte has collected $0.21/share in dividends since the time of their purchase, so they are currently up 19.7% on their purchase from a total return basis. Gladstone Capital Corporation shares are currently trading -4.69% on the day. The chart below shows the one year performance of GLAD shares, versus its 200 day moving average:
Looking at the chart above, GLAD's low point in its 52 week range is $5.60 per share, with $9.9224 as the 52 week high point — that compares with a last trade of $9.38. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
||Robert L. Marcotte
||Robert L. Marcotte
The DividendRank report noted that among the coverage universe, GLAD shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent GLAD share price of $9.82 represents a price-to-book ratio of 1.1 and an annual dividend yield of 8.55% — by comparison, the average company in Dividend Channel's coverage universe yields 4.0% and trades at a price-to-book ratio of 2.4. The report also cited the strong monthly dividend history at Gladstone Capital Corporation, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
The annualized dividend paid by Gladstone Capital Corporation is $0.84/share, currently paid in monthly installments, and its most recent dividend ex-date was on 02/14/2017. Below is a long-term dividend history chart for GLAD, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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